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List of
Central Banks Worldwide
El
Banco de la República es el banco central de Colombia
El objetivo de la política monetaria del Banco de la
República es el logro de tasas de inflación coherentes con
el mandato constitucional de garantizar la estabilidad de
precios, en coordinación con una política macroeconómica
general que propenda por el crecimiento del producto y el
empleo
The Bank of
the Republic (Spanish: Banco de la República) is the
state-run central bank of the Republic of Colombia. Its main
functions are detailed by the Congress according to the Ley
31 de 1992. One of them is the issuance of the Colombian
currency, the peso.
There are at least three predecessors to the current bank.
The first national bank was created in 1880, named the Banco
Nacional, and its functions included handling the state
funds, issuing currency and making loans to the state. In
1894 the Congress closed the bank due to registered excesses
in the issuance of currency. In 1905, the Banco Central de
Colombia was created but it was closed in 1909 for identical
reasons.
In 1923, after several years of financial crisis, President
Pedro Nel Ospina requested an expert committee to study
Colombian economic conditions. This committee, led by
American economist Edwin Walter Kemmerer (known as The Money
Doctor) was called the Mission Kemmerer. Kemmerer had
already worked with Latin American governments: that of
Mexico in 1917 and of Guatemala in 1919. He helped the
Colombian government create the Bank of the Republic and the
Office of the Comptroller General of the Republic, and to
structure the laws for this function using those already
existing. After his work in Colombia, Kemmerer did the same
for other Latin American governments, like Chile in 1925,
Ecuador in 1926 and Peru in 1931.
The bank was officially created by the Law 25 of July 25,
1923, 5 days after the 113 anniversary of the Independence
of Colombia. With a capital of 10 million dollars in gold,
half provided by the government and the rest by foreign and
national commercial banks. Its role as a banker for banks
includes:
Acting as a State Bank
Controlling the issue of the currency, the Colombian peso
Receiving foreign credits and make loans to the Government
and private banks
Managing the financial policy of the country
Regulating the exchange rate between the peso and other
currencies
The Board of Directors was created by the same law, with ten
members from private and public sectors of the economy with
the power to enforce regulatory and monetary controls. The
Board was also given the responsibility of establishing the
discount rate and intervening to control interest rates.
The headquarters of the Bank of the Republic 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. Along with the Fiscalía General
de la Nación de Colombia bunker, it is one of the most
secure buildings in the country, with several security
levels required to access different areas. The security is
handled by private companies and the Colombian National
Police, armed with Colombian-made MAC-10 sub-machine guns,
among others. Most of the administrative areas of the bank
are located above ground, in a twelve-story building. Below
the street there is a heavily-guarded area where money in
different currencies is stored, and in a special vault the
country's reserve of gold.
Beside their primary roles in the Colombian economy, the
Bank of The Republic has control over two important
institutions in Colombian culture: the Gold Museum and the
Luis Ángel Arango Library.
List of
Offshore Bank
Here are some of the common famous Offshore Zones :
Switzerland, Austria, Latvia, Liechtenstein, Cyprus, Bahamas,
Cayman Islands, Belize, Costa Rica, Panama, Dominica, British
Virgin Islands, Isle of Man, Cyprus, Mauritius, Singapore,
Hong Kong, and Cook Islands. These places are notoriously
called ' Tax havens of the World ' because they offer
significant tax benefits like no income taxes, no estate
taxes, no capital gains, excellent interest rates for
investments, direct access to stock markets. Switzerland is
the undisputed leader in offshore.
Nevertheless, privacy is a biggest attraction in these 'Tax
Free Zones' of the world.
We make offshore bank account setup easy:
Just a copy of your passport "legalized" or ID required.
Bank of
Albania - Bank of Algeria -
Bank of Argentina -
Bank of Armenia -
Bank of Aruba -
Bank of Australia -
Bank of Austrian -
Bank of Azerbaijan -
Bank of Bahamas -
Bank of Bahrain -
Bank of Bangladesh -
Bank of Barbados -
Bank of Belarus -
Bank of Belgium -
Bank of Belize -
Bank of Bermuda -
Bank of Bhutan -
Bank of Benin -
Bank of Bolivia -
Bank of Bosnia -
Bank of Botswana -
Bank of Brazil -
Bank of Bulgaria -
Bank of Burkina Faso -
Bank of Cameroon -
Bank of Canada -
Bank of Cayman Islands -
Bank of Central
African Republic - Bank of Chad -
Bank of Chile -
Bank of China -
Bank of Colombia -
Bank of Congo
-Bank of Costa Rica -
Bank of Côte d'Ivoire -
Bank of Croatia -
Bank of Cuba -
Bank of Cyprus -
Bank of Czech Republic -
Denmark -
Bank of Dominican Republic -
East
Caribbean area - Ecuador -
Egypt -
El Salvador -
Equatorial
Guinea - Estonia -
Ethiopia -
European Union -
Fiji -
Finland -
France -
Gabon -
Georgia -
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