Central Bank of Colombia

The Central Bank of Colombia, known as Banco de la República, is the country's main financial institution responsible for managing the national currency, the Colombian peso. Its primary goals are to maintain price stability, support economic growth, and ensure financial stability. It does this by regulating inflation, controlling interest rates, and overseeing currency circulation. The bank also manages Colombia’s gold reserves and plays a key role in the government's monetary policy decisions. Essentially, it helps keep the Colombian economy stable and trustworthy, ensuring that money retains its value and that the financial system functions smoothly.