What We Do - Board of Directors


Functions of the Board of Directors as monetary, exchange and credit authority

 

"Article 16. Atributions. It corresponds to Banco de la República to study and adopt the monetary, credit and exchange measures to regulate monetary circulation and, in general, the liquidity of the financial market and the normal functioning of the internal and external payments of the economy, safeguarding the stability of the currency’s value. 

 

For such purpose, the Board of Directors may:

 

Mission

 

The Board of Directors of the Banco de la República was established by the National Constitution as a monetary, exchange and credit authority in order to achieve the State’s objective of maintaining currency purchasing power (article 373, subsection 1 of the National Constitution and Law 31, 1992, article 2).

 
Functions of the Board of Directors of the Bank as Established by Law 31 of 1992

 

In order to comply fully with this assignment, the Board of Directors was authorised to study and adopt measures that regulate the monetary base and the liquidity of the financial market, as well as to ensure the normal functioning of internal and external payments of the economy.

 

The Law specifically empowered the Board with the following functions:

 

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. Este contenido ha sido traducido al inglés con fines informativos. En caso de duda sobre su interpretación y/o aplicación, se entenderá que la versión en español es la versión oficial y prevalecerá sobre aquella en inglés. Para casos particulares como documentos de trabajo o artículos, el idioma original de publicación es escogido por el autor, por lo cual puede haber casos en los que el contenido esté disponible sólo en inglés.