The Colombian peso has a rate of inflation of 1,94% which is lower than the one of the United States of America. There is a lot of similarities among both economic systems and has changed a lot among times hand by hand with other economic systems like the french and American systems.
viernes, 4 de abril de 2014
COLOMBIAN BANKING SYSTEM
The banking system in Colombia is quite complicated and similar to the US reserve banking system in the inflation it produces. Colombia is out of the gold based system many years ago. Its National Bank the " Banco de la Republica" is the one that controls the production of the money. It is managed by a board and also by the minister of finance and estate.
The Colombian peso has a rate of inflation of 1,94% which is lower than the one of the United States of America. There is a lot of similarities among both economic systems and has changed a lot among times hand by hand with other economic systems like the french and American systems.
The Colombian peso has a rate of inflation of 1,94% which is lower than the one of the United States of America. There is a lot of similarities among both economic systems and has changed a lot among times hand by hand with other economic systems like the french and American systems.
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