Servicios
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ApproachThe Colombian labor market is characterized by high and persistent labor and business informality, a phenomenon commonly observed in many developing countries. According to the Colombian Household Survey (Gran Encuesta Integrada de Hogares - GEIH in Spanish), the labor informality rate in…
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Students in grades 9, 10, 11, and 12 from all schools across the country are invited to participate in this edition of the contest by answering the question: Why is the independence of Banco de la República essential for the country's economic stability?
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Starting on 21 June, Banco de la República will make available to the public the coin of the Battle of Lake Maracaibo. Additionally, July 24th will be declared Colombian Navy Day.
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The reopening program includes the first lecture of the series Conversando con artistas del Gran Santander en la colección del Banco de la República, (Talking with Artists of Gran Santander) in Banco de la República’s collection, the opening of two temporary exhibitions: ¡Que vivan las mariposas!…
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Beware! In recent months, the number of reports by victims of scams or frauds has increased. Citizens have alerted that criminals are using the name or the image of Banco de la República or its officers asking for money in exchange for some transaction or alleged profit.
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SICPA S.A. is a Swiss multinational and one of the world's leading manufacturers of security inks, which have been used in the printing of banknotes of most currencies, including the dollar and the euro. It has been a supplier of Banco de la República for more than 50 years.
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There are five very simple steps to avoid becoming a victim of counterfeiting. Colombian banknotes have unique security elements that every citizen must know.Banco de la República constantly conducts campaigns for all citizens to recognize the authenticity of Colombian banknotes, focusing on the…
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The following information is required by suppliers, contractors, and users of Banco de la República's services through the completion of forms such as the "Know-your-Customer" form, "Know-your-Supplier" form, or due diligence forms.
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According to the 2023 Opinion Panel of the firm Cifras y Conceptos, Banco de la República (the Central Bank of Colombia) continues to rank first among the most trusted national institutions in Colombia, receiving a score of 81 points out of 100, higher than in previous years.Graph 1. How much…
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As part of the commemoration of the centennial of Banco de la República (the Central Bank of Colombia), this Wednesday, 15 November, the digital collection of 12 Banrep Centennial books on the monetary history of Colombia and the role of Banco de la República in the economic stability and cultural…
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According to the statistics from the international repository Research Papers in Economics (RePEc), Banco de la República (the Central Bank of Colombia) reaffirms its position as a global benchmark in economic research by accounting for the majority of the most accessed authors worldwide…
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In the Panel de Opinión de Cifras y Conceptos 2026, Banco de la República (the Central Bank of Colombia) was once again recognized as the institution that generates the greatest trust among opinion leaders in Colombia. The institution received the highest score in the institutional trust ranking,…
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As part of the Bogotá International Book Fair, two Board Members will participate this Thursday, 23 April in a talk open to the public about their book "Mitos y realidades de la política monetaria," a work that clarifies key concepts related to the Bank’s functions, thus promoting an informed…
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During SECO’s visit to Colombia, the State Secretary met with the Bank’s staff to discuss the country’s economic outlook. Additionally, the event included presentations by Juan Esteban Carranza, Chief Officer for Economic Studies at Banco de la República, and Ana Fernanda Maiguashca, director…
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This section presents the reports on the execution of the Investment Budget and the Operating Budget (operating income and expenses) of Banco de la República (the Central Bank of Colombia), as of year 2024. Budget execution is measured based on the reprogrammed budget, which includes additions and…
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In each publication you will find easy-to-read articles related to the Colombian and global economy, and to the management of Banco de la República (the Central Bank of Colombia).
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In modern states, central banks are part of the public policy infrastructure that seeks to maximize societal well-being. The specific role of central banks is to control the general level of prices in order to uphold the currency’s purchasing power. Consequently, central banks focus on maintaining…
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In the period following the pandemic, the price index for raw materials used in Colombia’s processed food production sector rose substantially, reaching annual growth of 31% in January 2022. This index includes the prices of inputs such as wheat, corn, and soybeans, whose prices increased in global…
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This year, coinciding with the celebration of its 100th anniversary, Banco de la República (the Central Bank of Colombia) received the ‘Carbon Neutral’ certification from Bureau Veritas. This recognition indicates that the Bank has taken the necessary measures to mitigate and offset its CO2…
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In 2019 and 2020, Banco de la República (the Central Bank of Colombia) showed historically high profits, which amounted to 7.1 trillion and 7.5 trillion Colombian pesos, respectively. This was mainly due to the extraordinary yields of foreign reserves (FRs), which totaled 7.6 trillion and 6.6…
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The COVID-19 pandemic caused an economic contraction and an increase in the unemployment rate unprecedented in Colombia’s history. At the time of its greatest impact, in April 2020, through the Economic Tracking Indicator (ISE in Spanish), the National Administrative Department of Statistics (DANE…
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The recent pension reform, formalized by Law 2381 of 2024, has introduced a new Comprehensive Social Protection System for Old Age, Disability, and Death of common origin. This reform establishes a system of four pillars: solidarity, semi-contributory, contributory, and voluntary savings.
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IntroductionIn its most recent financial report for 2023 (only available in Spanish), Banco de la República (the Central Bank of Colombia or Banrep) reported historical profits of 9.2 trillion of Colombian pesos, mainly due to the yield of the international reserves (IR) .
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On 23 July 2023, Banco de la República (the Central Bank of Colombia) celebrated its 100th anniversary, having been established as the Central Bank of Colombia through Law 25 of 1923, according to the parameters defined by the Kemmerer Mission.
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Banco de la República is working to bring inflation back to the 3% target while ensuring that the impact of this convergence on economic growth remains as negligible as possible.
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