Reuters: US Dollar Report: UPDATE 1-Colombia's president replaces finance minister in surprise move

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UPDATE 1-Colombia's president replaces finance minister in surprise move Aug 23rd 2012, 21:47 Thu Aug 23, 2012 5:47pm EDT BOGOTA Aug 23 (Reuters) - Colombian President Juan Manuel Santos replaced his finance minister on Wednesday in a surprise move and named current Energy Minister Mauricio Cardenas to take over running Latin America's fourth-largest economy. At the midpoint of his four-year term, Santos asked all 16 ministers to send in resignation letters on Wednesday, setting the stage a cabinet reshuffle aimed at shoring up his approval ratings. Santos did not say who would be the next minister of mines and energy. Cardenas -- who received a doctorate in Economics from the University of California at Berkeley -- has previously held ministerial posts in economic development and transport. Outgoing Finance Minister Juan Carlos Echeverry will be nominated for a top role in the International Monetary Fund, Santos said. The 61-year-old Santos has been under pressure from a constant stream of criticism from former President Alvaro Uribe and a growing number of attacks by leftist rebels, denting his once commanding popularity.

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