The Bank of the Republic, Colombia's central bank, was established under Law 25 of July 25, 1923, with an initial capital of ten million dollars in gold, half provided by the government and the rest by foreign and national commercial banks; it succeeded earlier institutions including the Banco Nacional, which operated from 1880 to 1894, and the Banco Central de Colombia, which operated from 1905 to 1910. Headquartered in Bogota, it holds exclusive authority to issue the Colombian peso, acts as the state's bank, receives foreign credits and extends loans to government and private banks, manages the nation's financial policy, and regulates the exchange rate between the peso and other currencies.
Facts
Founding YearSourced to the subject's own account Founding DateSourced to the subject's own account HeadquartersSourced to the subject's own account Classification
Institution SubtypeSourced to the subject's own account Geography
Country or Jurisdiction ServedSourced to the subject's own account Connections
Member Of
Bank of the Republic (Colombia) is one of the BIS's 63 member central banks and monetary authorities (Membership and shareholding structure table); the BIS has been wholly owned by its member central banks since the 2005 buyback of private shareholders.
Source Wikipedia
In the Other Atlases
- Also in Geography Atlas: Colombia, located there.
Sources
1. Bank of the Republic (Colombia) (Wikipedia)
WikipediaBank of the Republic (Colombia) article, History section
The bank was officially chartered by the Law 25 of July 25, 1923, 5 days after the 113 anniversary of the Independence of Colombia.
Bank of the Republic (Colombia) article, Buildings section
The headquarters of the Banco de la República are located in Bogotá, in the historical center of the city (Calle 11 No. 4-21) and a few blocks away from the Gold Museum and the Luis Ángel Arango Library.
Introduction, institution-subtype
The Bank of the Republic, Colombia's central bank, was established under Law 25 of July 25, 1923, with an initial capital of ten million dollars in gold, half provided by the government and the rest by foreign and national commercial banks; it succeeded earlier institutions including the Banco Nacional, which operated from 1880 to 1894, and the Banco Central de Colombia, which operated from 1905 to 1910.
View the Source Wikipedia
Wikimedia FoundationMember Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure sectionQuote, Member Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure section
The BIS members are central banks of 63 jurisdictions: 34 in Europe, 16 in Asia, 5 in South America, 3 in North America, 3 in Africa, and 2 in Oceania.
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