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Banco De La República
The Bank of the Republic () 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 one 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 Pedro Nel Ospina requested an expert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bogotá
Bogotá (, also , , ), officially Bogotá, Distrito Capital, abbreviated Bogotá, D.C., and formerly known as Santa Fe de Bogotá (; ) during the Spanish Imperial period and between 1991 and 2000, is the capital city, capital and largest city of Colombia, and one of the List of largest cities, largest cities in the world. The city is administered as the Capital District, as well as the capital of, though not politically part of, the surrounding department of Cundinamarca Department, Cundinamarca. Bogotá is a territorial entity of the first order, with the same administrative status as the departments of Colombia. It is the main political, economic, administrative, industrial, cultural, aeronautical, technological, scientific, medical and educational center of the country and northern South America. 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 Spanish conquest of the Muisca, e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of The Comptroller General Of The Republic
The Office of the Comptroller General of the Republic of Colombia () is a Colombian independent government institution that acts as the highest form of fiscal control in the country. As such, it has a mission to seek the proper allocation of resources and public funds and contribute to the modernization of the state, by means of continuous improvement in the various public entities. It is one of the Colombian Control Institutions along with the Office of the Inspector General of Colombia. History 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 (referred to in an expression of the time as a money doctor) was called the Kemmerer Mission. Kemmerer had already worked with Latin American governments; that of Mexico in 1917 and of Guatemala in 1919. Up until then the Court of Auditors () was the accountability agency of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fábrica De Moneda
The Fábrica de Moneda (Spanish for Coin Factory) is the national mint of Colombia responsible for producing coinage to conduct commerce and trade. The mint is located in the city of Ibagué and it's wholly owned and managed by the Bank of the Republic, the nation's central bank. History By 1980, the Casa de Moneda de Bogotá imported planchets, or blanks, into the country at an annual cost of over USD 11 million. For that reason, Luis Guillermo Correa, the then director of the mint in Bogotá proposed for the central bank to acquire the necessary technology for the planchets to be produced in Colombia. The bank determined that it was a good financial decision, and in 1982 the Fábrica de Moneda de Ibagué was established. With the bank's decentralization policy to move away production from the nation's capital, and its proximity to other urban centers, the city of Ibagué was chosen as the location of the mint. From its establishment, the mint provided planchets to the Casa d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactivity (chemistry), reactive chemical elements, being the second-lowest in the reactivity series. It is solid under standard temperature and pressure, standard conditions. Gold often occurs in free elemental (native state (metallurgy), native state), as gold nugget, nuggets or grains, in rock (geology), rocks, vein (geology), veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 (arms), blowback operated machine pistol/submachine gun that was developed by Gordon Ingram in 1964. It is chambered in either .45 ACP or 9×19mm Parabellum, 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 catalogues or sales literature, but "MAC-10" is frequently used by Title II weapons, 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 t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colombian National Police
The National Police of 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 Aerospace 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 struggled to define itself as a nation. Tensions between the two main political parties, the Colombian Liberal Party and the Colombian Conservative Party, escalated into numerous civil as they debated the establishment of a political sy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 45,000 m2 (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 win ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Museum, Bogotá
The Museum of Gold () is an archaeology 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 - Semana The museum displays a selection of and other metal alloys, such as '' Tumbaga'', and contains the largest collection of gold artifa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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, 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 * the term to mat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Discount Window
Discount may refer to: Arts and entertainment * Discount (band), punk rock band that formed in Vero Beach, Florida in 1995 and disbanded in 2000 * ''Discount'' (film), French comedy-drama film * "Discounts" (song), 2020 single by American rapper Cupcakke Economics and business * Discounts and allowances, reductions in the basic prices of goods or services *Discounting In finance, discounting is a mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee.See "Time Value", "Discount", "Discount Yield", "Compound Interest", "Effici ..., a financial mechanism in which a debtor obtains the right to delay payments to a creditor * Delay discounting, the decrease in perceived value of receiving a good at a later date compared with receiving it at an earlier date * Discount store {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 lending market, interbank exchange rate of 141 Japanese yen to the United States dollar means that ¥141 will be exchanged for or that will be exchanged for ¥141. In this case it is said that the price of a dollar in relation to yen is ¥141, or equivalently that the price of a yen in relation to dollars is $1/141. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating exchange rate, floating, fixed exchange rate, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Colombia
The history of Colombia includes its settlement by indigenous peoples and the establishment of agrarian societies, notably the Muisca Confederation, Quimbaya Civilization, and Tairona Chiefdoms. The Spanish arrived in 1499 and initiated a period of annexation and colonization, ultimately creating the Viceroyalty of New Granada, with its capital at Bogotá. Independence from Spain was won in 1819, but by 1830 the resulting "Gran Colombia" Federation was dissolved. What is now Colombia and Panama emerged as the Republic of New Granada. The new nation experimented with federalism as the Granadine Confederation (1858) and then the United States of Colombia (1863) before the Republic of Colombia was finally declared in 1886. A period of constant political violence ensued, and Panama seceded in 1903. Since the 1960s, the country has suffered from an asymmetric low-intensity armed conflict which escalated in the 1990s but decreased from 2005 onward. The legacy of Colombia's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
