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After a period of growing income inequality at the end of the 20th century, Colombia began the 21st century with a decline in the Gini coefficient that was particularly pronounced in the decade following 2010. This indicator went from 0.56 to 0.51 between 2010 and 2017, increasing slightly at the…
Banco de la República reports that, following the amendment of the External Regulatory Letter DCIN 83 on 16 January 2020 regarding the exchange reports of foreign portfolio investment, the exchange reports shall not discriminate henceforth between cash flows due to liquidation of capital from…
Starting June 2019, the information disclosed after each session of the Board of Directors of the Central Bank in which decisions are taken on the benchmark interest rate will be modified. This change is intended to improve the information related to the monetary policy decision-making process…
Este documento caracteriza la inversión extranjera directa en Colombia en los sectores distintos a la explotación petrolera y de minas y canteras, así como de las empresas receptoras de este tipo de inversión. 
Abstract Since July 2021, Banco de la República strengthened its forecasting process and communication instruments, by involving predictive densities in the projections of its models, PATACON and 4GM. This paper presents the main theoretical and empirical elements of the predictive density…
Banco de la República (the Central Bank of Colombia) manages the clearing and settlement of checks in Colombia through a retail-value payment system known as Clearing and Settlement System for Checks and other Physical Payment Instruments, through which it provides the following services:
Place of birth: Cali - Colombia Date of birth: 28 December 1981 Profession: Economist        
Place of Birth: Bogotá - Colombia Date of Birth: April 5, 1961 Profession: System Engineer  
Place of Birth: Garzón, Huila - Colombia Date of Birth: July 10, 1963 Profession: System Engineer  
Place of Birth: Bogotá - Colombia Date of Birth: May 26, 1978 Profession: Industrial Engineering  
  Place of birth: Bogotá - Colombia   Date of Birth: 10 December 1973   Profession: Economist
Place of Birth: Cali, Valle del Cauca. Date of Birth: December 20, 1977 Profession: Economista        
Inglés: In spite of the increasing evidence that has revealed that early access to financial services has long-term impacts, children and adolescents continue to face major obstacles to be financially included, particularly in the developing world. This document presents the main results of a…
The Foreign Exchange Affairs and Settlements Department published the External Regulatory Circular DCIP-83 which contains the modifications introduced as a result of the new Foreign Exchange Information System implementation. Said regulation will replace the External Regulatory Circular DCIN-83…
Regarding a recent opinion piece published in an economic journal of national circulation, Banco de la República hereby informs that the $100 thousand-peso banknote continues to be valid as the species of highest denomination currently in circulation with unlimited legal tender.
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors. 
Scientific evidence has shown that extreme weather events, including excessive precipitation and droughts, are becoming longer and more severe due to the effects of climate change. If agricultural producers do not adjust to this new reality, produce shortages and higher food prices can be…
This paper examines inflation expectations of the World Economic Survey for ten inflation targeting countries. First, by a Self Organizing Maps methodology, we cluster the trajectory of agents inflation expectations using the beginning of the oil price shock occurred in June of 2014 as a benchmark…
The main purpose of this chapter is to summarize the information currently available on cocaine production and trafficking. The chapter starts by describing the available data on cocaine production and trade, the collection methodologies, (if available) used by different sources, the main biases in…
IndexScopeCorporate Values and General PrinciplesBanrep Employees Act with Integrity and ObjectivityBanrep Employees Protect Corporate Information and Third-Party Information Held by Banrep
The provisions of this Code apply to all Banrep employees.This Code is also a frame of reference for individuals and corporate legal entities with whom Banrep has a contractual relationship regarding the behavior expected of Banrep staff. It must therefore be distributed in the framework of these…
2.1 Corporate ValuesThe corporate values described below frame the corporate culture of Banrep:INTEGRITYWe act independently, responsibly, with honesty, coherence, transparency, and sense of public integrity.
3.1 Conflict of interestAs per Article 44 of Law 1952 of 20198 (General Disciplinary Code), a conflict of interest arises when a Banrep employee has a particular and direct interest in the regulation, management, control, or decision of an issue in which they intervene or act on the basis of their…