1.   An official who was involved said the government considered temporarily widening the trading band, which would have allowed the peso to settle at a more natural level.

2.   Colombian interest rates have also been rising, as the central bank tries to defend the peso, which is close to the top of its trading band.

3.   Frenkel supported widening the trading band.

4.   He reiterated the bank is committed to the foreign exchange trading band, meaning there will be no forced devaluation.

5.   He said he would not resign if no decision was taken to widen the trading band.

6.   He said the central bank may be forced to raise the trading band, otherwise it will have to spend its reserves defending the peso.

7.   He said the central bank is unlikely to adjust the foreign exchange trading band this year, but next year it probably will.

8.   In Indonesia, the widening of the trading band sparked a drop in the rupiah.

9.   In two weeks, the government will establish upper and lower trading limits, to keep the bolivar within a sliding trading band.

10.   Israeli press reports have speculated that Meridor will resign if Netanyahu and Frenkel decide to widen the trading band.