Servicios
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Banco de la República, following the decisions of the National Government, hereby informs that:
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The meeting had been scheduled for March 31; however, the Minister of Finance and Public Credit must attend an international engagement on that date.
The meeting of the Board of Directors of Banco de la República that was initially scheduled for Friday, March 31 has been moved ahead one day and…
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A new COP$1,000 coin will begin circulating within the new family of coins.The new coins will reduce manufacturing costs compared to the current costs.Colombian coins will have new security features.
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At its meeting today, the Board of Directors of Banco de la Republica, the Central Bank of Colombia, decided to keep its intervention rate unaltered. In this manner, the base rate for expansion auctions will remain at 4.75%. The following factors were taken into account in the decision-making…
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As of 21 June, Banco de la República will make available to the public the coin of the Battle of Lake Maracaibo. In addition, July 24 will be declared Colombian Navy Day.This new coin, minted for commemorative purposes and for the only time, has on its obverse side the image of Admiral José Padilla…
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At its meeting today, the Board of Directors of Banco de la Republica, the Central Bank of Colombia, lowered its intervention interest rate by 25 basis points. In this manner, the base rate for expansion auctions will be 4.75%. This decision was based on the following factors taken into account:
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At its meeting today, the Board of Directors of Banco de la Republica, the Central Bank of Colombia, has decided to lower its intervention interest rate by 25 basis points. In this manner, the base rate for expansion auctions will be 5%. This decision was based on the following factors taken into…
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At its meeting today, the Board of Directors approved the financial statements of Banco de la República for the 2023 fiscal year. The Auditor General before the Bank and the external audit firm KPMG S.A.S. issued an Audit Report with an unqualified opinion on them (available in Spanish). The…
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Economic Growth
The growth of the Colombian economy in 2022 (7.5%) was considerably higher than that of its Latin American peers and more than doubled the world’s growth average. Such a vigorous expansion over a GDP that had already exceeded its pre-pandemic level, growing by 11.0% in 2021, was a…
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On Saturday, 18 February, the Zenú Gold Museum will reopen its doors with renovated spaces and a new curation that will immerse its visitors in a history of thousands of years and in the diverse forms of amphibious life that existed on the coastline and in the savannahs of the Colombian Caribbean.…
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Banco de la República filed an application at the Ministry of Culture to approve the designs to intervene the Amira de la Rosa Theater in Barranquilla. Once the Ministry of Culture authorizes the intervention, the building permit will be processed at the urban planning of Barranquilla.…
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Banco de la República, pursuant to a decision reached earlier by its Board of Directors, announces it will continue its active and discretional intervention in the exchange market. The monetary expansion resulting from that intervention is offset by the Bank to keep short-term interest rates…
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This book is the result of a joint research effort of the Inter-American Development Bank (IDB) and Banco de la República. It analyzes some of the problems faced by women in the labor market, as well as the regional heterogeneity of this phenomenon. This is the first time that differences in…
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During the first semester of 2021, as part of modernization and digital transformation undertaken by the Foreign Exchange Affairs and Settlements Department, there will be changes in the procedures to record international investments. So, there might be some adjustments to the procedures outlined…
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Remember this! During the first semester of 2021, as part of modernization and digital transformation undertaken by the Foreign Exchange Affairs and Settlements Department, changes will be made in the procedures to record international investments, among others related to the Foreign Exchange…
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In its meeting today, the Board of Directors of Banco de la Republica ratified their commitment to keep the inflation target at 3% and confirmed that the monetary policy measures will continue to be directed towards holding inflation at that value. Low and stable inflation is the best contribution…
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Banco de la República (the Central Bank of Colombia) announced that the 2023 call for the Study Abroad Program will offer two new master’s degree programs: Public Administration and Public Policy. Additionally, the sponsorship in PhD in Economics, Economic Law, and young talent (visual arts) will…
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Banco de la República offers Manizales, the Coffee Region, and the country a new cultural center with the highest architectural, technical, operational and functional standards.
The building incorporates good practices that contribute to environmental sustainability and guarantee unrestricted…
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The Board of Directors of the Central Bank of Colombia ratified its commitment with the stability of prices by establishing the target of inflation for 2015 at 3%, with a range of ±1 bp. The Board reiterates that monetary policy actions will continue to seek that inflation be maintained…
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Banco de la República has announced which colleges of economics at Colombian universities will be able to nominate teachers for the Advanced Economics Course for Teachers. The course will be held online between 15 June and 9 July 2021.
Participants will have access to academic sessions in which…
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Available only in Spanish - En marzo de 2019 el Centro Cultural-Museo del Oro Quimbaya del Banco de la República en Armenia que exhibe una muestra invaluable del patrimonio prehispánico regional y presta todos los servicios culturales del Banco de la República, se trasladará temporalmente al…
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The development of this agenda includes the decision to promote an Instant Payments System (IPS), an analysis to expand the offer of cross-border payments, and, subsequently, the review of the advisability of issuing a digital currency.The design of the Instant Payments System is carried out…
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Wide-ranging deal will see ACI build an interoperable real-time payments ecosystem in nationwide banking transformation project. The Central Bank of Colombia, Banco de la República, today announced it is partnering with ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-…
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In a meeting today, the Board of Directors of Banco de la República decided to leave its benchmark interest rate at 9.75%.Annual inflation in March was 5.93%. This is 42 bp less than in April, essentially because of lower food prices. However, inflation in regulated prices increased, as did several…
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Video
In light of recent news on gold sales from the foreign reserves, Banco de la República (the Central Bank of Colombia) informs that:
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