Colombian Central Bank

The Colombian Central Bank, called the Banco de la República, is responsible for managing Colombia’s money supply and maintaining economic stability. It controls inflation, sets interest rates, and issues the national currency, the Colombian peso. The bank also supervises financial institutions and manages the country’s gold and foreign currency reserves. Its main goal is to ensure a stable economy by promoting growth and keeping prices from rising too fast. Essentially, it acts as the country's financial navigator, aiming to keep the economy balanced and resilient.