Bank of the Republic Colombia

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name: Bank of the Republic of Colombia

hot: 613



Bank of the Republic (Colombia) is the central bank of Colombia. Its main functions are derived from the detailed description of the Colombian Congress on September 31, 1992. One of the functions is to issue Colombian currency pesos. The bank also actively promotes financial inclusion policies and is a major member of the financing alliance.

The Board of Directors of the Bank of the Republic of Colombia was created by law, and 10 members from the private and public sectors are responsible for supervision and currency control. The board of directors is also responsible for determining the discount rate and intervening to control interest rates.

The headquarters of the Bank of the Republic of Colombia is located in the historic center of Bogotá (Calle 11, 4-21), a few blocks from the Gold Museum and Luisángel Arango Library.

In addition to its main role in the Colombian economy, the Bank of the Republic of Colombia also manages two important institutions in Colombian culture: the Gold Museum and the Luisángel Arango Library. In addition, it offers two scholarship programs for the best researchers in economics (Lauchlin Currie Scholarship) and Economic Law (Enrique Low Murtra Scholarship).

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