Category: Banks. Country: Colombia.
The Banco de la Rep'blica is the Central Bank of Colombia and is organized as a legal entity with public jurisdiction and acting with administrative, patrimonial and technical autonomy, being subject to its own legal regime, as expressed in the Political Constitution of Colombia of 1991. A central bank is the institution that issues and administrates the legal currency and exercises the function of banker to the banks. Furthermore, it controls the monetary (the currency), credit (the interest rates) and foreign exchange (foreign exchange rates) systems of the country. Its principal functions include: Acting as a State bank; Controlling the issue of legal tender; Receiving allocations of credit and giving loans to commercial banks and the Government; Managing and directing the monetary (inflation controls) and financial policy of the nation; and, Effecting transfers of currency with other countries of the world, among other functions.
Address: Carrera 7 No. 14-78, Santafe de Bogota, D.C. Phone: 342 1111 Fax: 571 286 1686
