Banco de la República

Banco de la República (The Bank of the Republic) is the central bank of the Republic of Colombia. The aim of the Banco de la República's monetary policy is the achievement of coherent inflation rates with the constitutional mandate of guaranteeing price stability in coordination with a general macroeconomic policy that motivates product and employment growth.

The primary functions of the Banco de la República include: Controlling the issue of the national currency, the Colombian peso; Receiving foreign credits and make loans to the Government and private banks; Managing the financial policy of the country; Regulating the exchange rate between the peso and other currencies.

HQ: Bogota, Colombia
Founded: 1923
ID: 79. Updated: 24.10.2016