Colombian Monetary System

Actually, the monetary system of Colombia is not based on the gold standard; so this system is controlled by an entity. This entity is separated from everything, but it is in alliance with the government. Like the United States reserve banking; they are the ones who create and control all the money in Colombia. The Banco Central de Colombia tries to regulate the money that is circulated all over the country, and tries to keep the inflation rate low. They are the ones who try to stable all the economy in the country of Colombia.

The Banco Central de Colombia also tries to keep the unemployment rate low all over the country, but it is impossible because it is based in a capitalist system. This system differs from the system of the United States because it does not create money so easily. Also the payment tariffs are different and the taxes obviously change. They are similar because they are independent from the government, so they are able to make their own decisions. In conclusion, they both try to get richer without thinking of the people that becomes affected with this system. 

http://zeitgeistcolombia.pbworks.com/w/page/6582850/Proyecto_comprender%20el%20sistema%20monetario%20en%20Colombia.