jueves, 3 de abril de 2014

Monetary system in Colombia

The Colombia money have about half of lost of the dollars. The Super Intendia Bancaria is the bank that control all the money that constructed and the money that is loaned. Unlike the Unite States, Colombia have a moderate inflation. During the course of seven years it increase from 1,000 pesos to 2,000 and this could be described as moderate. 

If the prices get lower or higher is depended of the money that is spread around colombia. Acording to the Banco De La Republica there are three objectives in Colombia, "El primer objetivo es el de lograr determinado nivel de tasa de cambio, el segundo, lograr determinado nivel de la tasa de interés, el tercero, tener movilidad de capitales." This objectives are made up for the efficiency of the saving of money and domestic competition. Eventhogh in order to acomplish this objectives they have to count with perfect inflation so the salaries, and the exachange of rate will increase. 

Colombia is characterized in that the possensions we have are not are not used by us; by the producers. Instead they are are exchanged in the market in order to gain more money. An example of this is the Coffee that Colombia is recognized of cultivating but instead of being consumed but the same Colombians, it is sailed internationally to gain more money. For me, every country have a critic situation about their monetary system.   

1 comentario:

  1. "Encyclopedia of the Nations." Colombia Money, Information about Money in Colombia. N.p., n.d. Web. 04 Apr. 2014.

    ResponderEliminar