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It has a face value of COP 20,000, is of legal tender, and may be used for any monetary transaction for the equivalent of its face valueIn compliance with Law 2282 of 05 January 2023, BanRep will issue for commemorative purposes for one time only the 100th anniversary coin of Banco de la República.
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Banco de la República (the Central Bank of Colombia), in compliance with Law 2012 of 30 December 2019, will issue, for commemorative purposes and for one time only, the coin of the Battle of Lake Maracaibo and the Declaration of 24 July as the Colombian Navy Day.
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Law 31 of 1992 empowers Banco de la República (the Central Bank of Colombia) to “order the mintage of legal tender coins in the country or abroad for commemorative or numismatic purposes, as provided for in special laws, establish their alloys, and determine their characteristics."
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From: 2022
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I was very surprised to learn last night of the State Council’s decision to cancel the appointment of Alberto Carrasquilla as a member of the Board of Directors.Decisions taken by the judiciary are to be respected.Nevertheless, I would like to express my regret at this appointment, since it affects…
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Este documento propone un modelo multisectorial de crecimiento, dinámico y estocástico que integra la literatura de ciclo económico real con la de economías con sectores en bonanza y enfermedad holandesa para analizar fluctuaciones, asignación de recursos y los cambios en precios relativos en una…
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The world economy has recently been hit by commodity price fluctuations, with first round effects on noncore inflation and second round effects on core inflation. The policy response to commodity price fluctuations depends on the first and second round effects as well as on the strength of the…
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A small open macroeconomic model, in which an optimal interest rate rule emerges to drive the inflation behavior, is used to model inflation within an inflation targeting framework. This set up is used to estimate the relationship between commodity prices shocks and the inflation process in a…
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Presented at CVII Meeting of Central Bank Governors of CEMLA; Board of Governors and Assembly Meetings.
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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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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 accordance with the transparency that characterizes the inflation targeting regime, the disclosure of foreign exchange intervention is timely.For intervention through auctions, the amounts are announced in advance, and the amounts approved and/or exercised are disclosed on the same day of the…
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Communication is part of the implementation of monetary policy, as it explains the decisions made and contributes by guiding the agents’ economic expectations.The monetary policy communication scheme is carried out through different channels:
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Value at Risk (VaR) is a market risk measure widely used by risk managers and market regulatory authorities. There is a variety of methodologies proposed in the literature for the estimation of VaR. However, few of them get to say something about its distribution or its confidence intervals. This…
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This is the Compendium of External Resolution 17 of 30 October 2015 (unofficial translation), Whereby the financial conditions for the issuance and placement of securities and the external debt operations of the Nation, territorial entities, and their decentralized entities are established.
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This is the Compendium of External Resolution 6 of 2023 (unofficial translation), whereby the regulation on interoperability in Instant Retail-Value Payment Systems (SPBVIs) is issued.
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Services provided:
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Banco de la República (the Central Bank of Colombia, BanRep) informs that in October 2023 it made outright sales of TES B in the market for COP 1,763.8 billion (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the monetary…
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During the 83rd session of the Financial System Coordination and Monitoring Committee, which was held today between the Minister of Finance and Public Credit, the Governor of Banco de la República (the Central Bank of Colombia), the Financial Superintendent, the Director of the Financial…
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During the 84th session of the Financial System Coordination and Monitoring Committee, which was held today between the Minister of Finance and Public Credit, the Governor of Banco de la República (the Central Bank of Colombia), the Financial Superintendent of Colombia, the acting Director of…
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During the 91st session of the Financial System Coordination and Monitoring Committee, held this Friday between the Minister of Finance and Public Credit, the Governor of Banco de la República (the Central Bank of Colombia), the Financial Superintendent, the Director of the Financial Institutions…
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Bogotá, 20 December 2024
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Bogotá, 27 March 2025.
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Bogotá, 20 June 2025.
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At its 95th session held on Friday, 14 November 2025, the Financial System Coordination and Monitoring Committee, comprised by the Technical Deputy Minister of the Ministry of Finance and Public Credit appointed by the Minister of Finance and Public Credit to chair this session, the Governor of…
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