The Bank of the Republic of Colombia is the central bank of Colombia, established in 1923. Its primary functions include managing the country's monetary policy, issuing currency, and overseeing the financial system to ensure stability and growth. The bank aims to maintain low inflation and promote economic development. Additionally, the bank plays a crucial role in managing Colombia's foreign exchange reserves and implementing policies to support the national economy. It also conducts research and provides economic data to inform government decisions and public understanding of economic issues.