Reformas


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1950

 

In this year, the first measures were undertaken to move the Bank towards assuming the role of credit supplier for the development of certain sectors of the economy. The Government decided to direct the course of medium and long-term credit towards productive activities. This...

1960

 

In the 1960’s, the State found it advantageous to delegate the regulatory function of controlling the monetary base to a public corporation other than the Board of Directors of the Banco de la República. 

 

1967

 

Decree 444 put into effect a new exchange system that increased the Bank’s involvement in the control of the Foreign exchange flow fundamentally related to the management of foreign currency budgets and the regulation of supply and demand for foreign exchange.

 

This content has been translated into English for informational purposes. Upon any query regarding its interpretation or enforceability, the Spanish version shall be deemed official, and will prevail over the English version. The authors of specific texts such as working papers or articles select the language of publication; therefore, there might be cases in which the content may only be available in English. 

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