Central Bank Of Colombia
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Central Bank Of Colombia
The Bank of the Republic ( es, Banco de la República) is the central bank of Colombia. It was initially established under the regeneration era in 1880. Its main modern functions, under the new Colombian constitution were detailed by Congress according tLey 31 de 1992 One of them is the issuance of the Colombian currency, the peso. The bank is also active in promoting financial inclusion policy and is a leading member of thAlliance for Financial Inclusion History 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 and bonds. In 1905 the president Rafael Reyes created the ''Banco Central de Colombia'' but it was closed in 1910 by Reyes opponents. In 1923, after several years of financial crisis, President P ...
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Bogotá
Bogotá (, also , , ), officially Bogotá, Distrito Capital, abbreviated Bogotá, D.C., and formerly known as Santa Fe de Bogotá (; ) during the Spanish period and between 1991 and 2000, is the capital city of Colombia, and one of the largest cities in the world. The city is administered as the Capital District, as well as the capital of, though not part of, the surrounding department of Cundinamarca. Bogotá is a territorial entity of the first order, with the same administrative status as the departments of Colombia. It is the political, economic, administrative, and industrial center of the country. Bogotá was founded as the capital of the New Kingdom of Granada on 6 August 1538 by Spanish conquistador Gonzalo Jiménez de Quesada after a harsh expedition into the Andes conquering the Muisca, the indigenous inhabitants of the Altiplano. Santafé (its name after 1540) became the seat of the government of the Spanish Royal Audiencia of the New Kingdom of Granada (creat ...
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Chile
Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east and the Pacific Ocean to the west. Chile covers an area of , with a population of 17.5 million as of 2017. It shares land borders with Peru to the north, Bolivia to the north-east, Argentina to the east, and the Drake Passage in the far south. Chile also controls the Pacific islands of Juan Fernández, Isla Salas y Gómez, Desventuradas, and Easter Island in Oceania. It also claims about of Antarctica under the Chilean Antarctic Territory. The country's capital and largest city is Santiago, and its national language is Spanish. Spain conquered and colonized the region in the mid-16th century, replacing Inca rule, but failing to conquer the independent Mapuche who inhabited what is now south-central Chile. In 1818, after declaring ...
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José Joaquín Pérez (banker)
José Joaquín Pérez Mascayano (; 6 May 1801 – 1 July 1889) was a Chilean political figure. He served as the president of Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east a ... between 1861 and 1871. References 1801 births 1889 deaths Presidents of Chile Chilean Ministers of the Interior Chilean Ministers of Finance Candidates for President of Chile Chilean people of Basque descent People of the Chincha Islands War National Party (Chile, 1857) politicians Presidents of the Senate of Chile Instituto Nacional General José Miguel Carrera alumni {{Chile-politician-stub ...
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Juan José Echavarría
''Juan'' is a given name, the Spanish and Manx versions of ''John''. It is very common in Spain and in other Spanish-speaking communities around the world and in the Philippines, and also (pronounced differently) in the Isle of Man. In Spanish, the diminutive form (equivalent to ''Johnny'') is , with feminine form (comparable to ''Jane'', ''Joan'', or ''Joanna'') , and feminine diminutive (equivalent to ''Janet'', ''Janey'', ''Joanie'', etc.). Chinese terms * ( or 娟, 隽) 'beautiful, graceful' is a common given name for Chinese women. * () The Chinese character 卷, which in Mandarin is almost homophonic with the characters for the female name, is a division of a traditional Chinese manuscript or book and can be translated as 'fascicle', 'scroll', 'chapter', or 'volume'. Notable people * Juan (footballer, born 1979), Brazilian footballer * Juan (footballer, born 1982), Brazilian footballer * Juan (footballer, born March 2002), Brazilian footballer * Juan (footballer ...
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Gold
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental ( native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium ( gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate an ...
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MAC-10
The Military Armament Corporation Model 10, officially abbreviated as "M10" or "M-10", and more commonly known as the MAC-10, is a compact, blowback operated machine pistol/submachine gun that was developed by Gordon B. Ingram in 1964. It is chambered in either .45 ACP or 9mm. A two-stage suppressor by Sionics was designed for the MAC-10, which not only abates the noise created, but makes it easier to control on full automatic (although it also makes the gun far less compact and concealable). Military Armament Corporation never used the "MAC-10" nomenclature in its catalogs or sales literature, but "MAC-10" is frequently used by Title II dealers, gun writers, and collectors. For a decade, the semi-automatic pistol version of the weapon was forbidden in the U.S. under the assault weapons ban enacted by Congress in 1994. Design The MAC-10 is built predominantly from steel stampings. A notched cocking handle protrudes from the top of the receiver, and turning the handle 90° ...
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Colombian National Police
The National Police of Colombia (Spanish: ''Policía Nacional de Colombia'') is the national police force of the Republic of Colombia. Although the National Police is not part of the Military Forces of Colombia (Army, Navy, and Air Force), it constitutes along with them the "Public Force" and is also controlled by the Ministry of Defense. The National Police is the only civilian police force in Colombia. The force's official functions are to protect the Colombian nation, enforce the law by constitutional mandate, maintain and guarantee the necessary conditions for public freedoms and rights and to ensure peaceful cohabitation among the population. History Creation in the 19th century During the second half of the 19th century Colombia went through many political changes and struggles to define itself as a nation. Tensions between the two main political parties, the Colombian Liberal Party and the Colombian Conservative Party, escalated to numerous civil wars trying to establ ...
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Luis Ángel Arango Library
Luis Ángel Arango Library (Biblioteca Luis Ángel Arango or BLAA) is a public library located in Bogotá, Colombia. It is one of the largest and most important libraries in the world. It was founded in 1958 as a small library with a few books on economics, currently its collection has about 2'000.000 works. Today the library has been expanded and occupies two entire city blocks spanning about 45,000m² (nearly 54,000 sq. yards). Its collection has grown to become the country's premier library and has come to be considered the most important public library in Latin America, and one of the most visited in the world. It has over 1.1 million books and seating for 1900 readers; it received 6.7 million visitors in 2008. The library is named after the lawyer and businessman Luis Angel Arango, the general director (Governor) of the "Banco de la Republica" in Colombia from 1947 to 1957, and a champion of culture and literature for all. The library is part of the cultural affairs wing of ...
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Gold Museum, Bogotá
The Museum of Gold ( es, El Museo del Oro) is a museum located in Bogotá, Colombia. It is one of the most visited touristic highlights in the country. The museum receives around 500,000 tourists per year.Los 75 del Museo del Oro
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The museum displays a selection of gold and other metal alloys, such as '''', and contains the largest collection of gold artifacts in the world in its exhibition roo ...
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Interest Rates
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present ncomeover a dollar of future income." The borrower wants, or needs, to have money sooner rather than later, and is willing to pay a fee—the interest rate—for that privilege. Influencing factors Interest rates vary according to: * the government's directives to the central bank to accomplish the government's goals * the currency of the principal sum lent or borrowed * ...
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Discount Window
The discount window is an instrument of monetary policy (usually controlled by central banks) that allows eligible institutions to borrow money from the central bank, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions. The term originated with the practice of sending a bank representative to a reserve bank teller window when a bank needed to borrow money. The interest rate charged on such loans by a central bank is called the discount rate, policy rate, base rate, or repo rate, and is separate and distinct from the prime rate. It is also not the same thing as the federal funds rate or its equivalents in other currencies, which determine the rate at which banks lend money to ''each other''. In recent years, the discount rate has been approximately a percentage point above the federal funds rate (see Lombard credit). Because of this, it is a relatively unimportant factor in the control of the money supply and is onl ...
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Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for or that will be exchanged for ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the econo ...
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