Banco de la República (Central Bank of Colombia)

The Banco de la República is Colombia’s central bank, responsible for managing the country’s money supply and maintaining economic stability. It controls inflation, regulates interest rates, issues the national currency (the Colombian peso), and oversees the banking system to ensure financial stability. Its goal is to promote sustainable economic growth, protect the value of the currency, and support full employment. The bank also manages the country’s gold reserves and participates in international financial organizations to help stabilize Colombia’s economy in global markets.