Currently, the FCL is around US$9.5 billion. "In order to have greater peace of mind, Banco de la República has been selling options to purchase dollars (...). These options have been placed in January, February and March. (...) They have been exercised significantly. They have already exceeded US$400 million, but this has not been done to try to influence the price of the dollar, but rather to improve our position, which is already comfortable and calm, of international reserves, within the framework of the renewal of the flexible credit line with the IMF, which will be for a slightly lower amount than the one we have at the moment. This flexible credit line will be renewed in May and its amount will be slightly lower and we are replacing it with these purchases", said the general manager of Banco de la República, Leonardo Villar.