What We Do

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Administration of International Reserves

 

It is the Banco de la República’s responsibility to administer the country’s international reserves, including management, investment, safekeeping and disposal of reserve assets. Investment takes place principally by following the criteria of security and liquidity with the aim of...

Banker of banks

 

As with any central bank, the Banco de la República plays the role of banker of banks. On one hand, it is the depository of the money allocated in fulfilment of the bank reserve requirements, which serve to regulate the credit-issuing capacity of the banking system. This reserve,...

Credit Functions of the Banco de la República

 

Law 31 establishes precise conditions: it categorically prohibits the Issuer (of legal currency) from offering credits and securities to private individuals and entities. Exception is made for...

Foreign Exchange Intervention Policy

Banco de la República's policy strategy seeks to maintain a low and stable inflation rate, as well as to achieve an output level close to its potential. In addition, the Central Bank's policy contributes to preserve financial stability as well as stability of the payments system. The flexibility...

Government Banker, Fiscal Agent and Trustee

 

The Banco de la República fulfils these duties by receiving funds in deposit from the Nation and public entities under the conditions established by the Board of Directors. Furthermore, the Banco de la República may act as fiscal agent in the negotiation of external and internal credits...

Issue of Legal Tender

The currency-issuing attribute, characteristic of the Nation’s monetary sovereignty, is exclusive to the Banco de la República and can not be delegated. This attribute has materialised by means of various contracts, with the authorisation of Congress.

Monetary Policy: The Inflation-Targeting Strategy in Colombia

Monetary policy in Colombia is governed by an Inflation Targeting strategy, thats purpose is to maintain a low and stable inflation rate and to reach output growth in line with the potential capacity of the economy. This means that the objectives of monetary policy combine price stability with...

Promoter of Scientific, Social and Cultural Development

 

This content has been translated into English for informational purposes. Upon any query regarding its interpretation or enforceability, the Spanish version shall be deemed official, and will prevail over the English version. The authors of specific texts such as working papers or articles select the language of publication; therefore, there might be cases in which the content may only be available in English.