Pyongyang, August 10 (KCNA) -- Colombian President Juan Manuel Santos in a speech at an event on August 5 called upon Latin American countries to make an effective use of local currencies.

He said that the appreciation of local currencies is hitting exporting sectors and the capacity to generate jobs while the weakening of the dollar takes value away from reserves.

He called upon Latin American countries to keep pace with each other in the financial and economic activities.