Servicios
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Network analysis has been applied to identify systemically important financial institutions after the 2008 financial crisis. Such applications have stressed the importance of centrality within the too-connected-to-fail concept.
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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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Intervención del doctor José Darío Uribe Escobar, Gerente General del Banco de la República, ante un grupo de inversionistas internacionales reunidos en la ciudad de Cartagena que asisten al Seminario ofrecido por Bear Sterns.
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On April 26, 2024, the Executive Board of the International Monetary Fund (IMF) approved a successor two-year arrangement under the Flexible Credit Line (FCL) for 6,133.5 million Special Drawing Rights (SDR) (i.e. 300% of the country’s quota at the Fund), equivalent to about USD 8.1 billion. This…
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High Level Conference on “Macroprudential Policies to Achieve Financial Stability,” organized by the Banco Central del Uruguay and the IMF.
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The series Cuadernos de Historia Económica is a publication of Banco de la República in Cartagena. The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
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In Colombia, agreements are hard to reach. However, there was consensus in the National Constitutional Assembly, among the participants from different ideologies and parties, on the advisability of comprehensively reforming Banco de la República and turning it into an independent central bank. The…
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This online course will contribute to generating knowledge on economic issues. Its purpose is to foster an understanding of macroeconomics and monetary, exchange rate, and credit policy issues among the Colombian population
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
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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 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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Tuesday, July 9. Miguel Urrutia Montoya passed away in Bogotá. He was former Governor of Banco de la República for 12 years, between 1993 and 2005.As part of his great legacy as the country’s central banker, Miguel Urrutia Montoya led the modernization of Banco de la República and its consolidation…
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Banco de la República provides its services and performs its functions with a process management approach based on 9 primary macro-processes, which are supported by 9 corporate macro-processes, as follows:
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A loggerhead turtle, a highly migratory marine species, is the image in the obverse (Heads) of the new bimetallic COP$1000 coin, which will return to the hands of Colombian people when Banco de la República (the Central Bank of Colombia) puts it into circulation in the second half of 2012. The coin…
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The Board of Directors is the country’s monetary, exchange and credit authority. As such, it complies with the duties and functions set forth in the Constitution, in Law 31 of 1992, and in the bylaws of the Bank (Decree 2520 of 1993).
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Presented at the Seminar on Inflation Targeting organized by the Centre for Central Banking Studies of the Bank of England at Columbia University.
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On 7 December 2016, Banco de la República started circulating the new $10 thousand-peso banknote, the sixth and last of the new family of banknotes. This banknote will circulate simultaneously with the current one. Red is its predominant color. The obverse features the image of anthropologist…
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The scarlet macaw, the frailejón, and the spectacled bear are the three representative species of the Colombian biodiversity that will be present in the obverse (heads) of the new COP$200, COP$100, and COP$50 coins, which Banco de la República (the Central Bank of Colombia) will start circulating…
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On 31 March 2016, Banco de la República started circulating the new $100 thousand peso banknote, the first of a new family of banknotes. The obverse features the image of President Carlos Lleras Restrepo (complying with article 10 of Act 1167 of 2007) together with the barranquero bird and the…
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The Journal Essays on Economic Policy (EEP) from Banco de la República summons the academic community and all interested to the seminar about Changes on Monetary Policy and Central Banking over the last two decades, which will take place on October 23 and 24 of 2014 at the Events Center of the…
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The Monetary Board was created, consisting of the following members: i) the Minister of Finance and Public Credit, presiding, ii) the Minister of Development, iii) the Minister of Agriculture, iv) the Head of the National Department of Economic Planning, and v) the Governor of the Banco de…
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