Colombian monetary system

Normally in almost every country of the world, there is a monetary system. A monetary system "for the better balance and organization of the country's wealth", it's not an organized, or even coherent system. 

In Colombia, the monetary system is organized by the governente, the Banco de la republica, and the users. 

Inside the Banco de la republica, basically the most important entity for this system, there are groups formed by designated persons to do an specific job. There are some rules inside the bank that need to be followed. There is also the  "central de efectivo", they are the responsibles of creating the money, paper money, according to the bank  specifications. Another essential part of the bank, is the "junta directiva", these ones are in charge of making decisions, and evaluate the system. Among many other groups that are part of the bank, there is off course the head of everything, the owner, a person that owns the bank like any other property.

Photo Credit: http://m.cfo-insight.com/markets-economy/global-economy/towards-a-multi-polar-currency-world/

Talking about monetary systems, we've learned about the US monetary system, this system just like the Colombian one, has failures. Both of them experience inflation, clearly in order to gain some money out of their county debts. The percentage of inflation for the Colombian monetary system it's about a 1.94%, in the US government there is a debt of the 99% of their GNP. Both systems use inflation, and because of their debts they need to gain or "make" some money. When a user uses the bank, he is not really getting any money, now he is owing money to the bank.

These systems are created "for the people", and supposedly to represent the county's "value", both monetary systems show a completely different idea. Now in days a lot of people it's investigating the monetary systems and they are trying to find and show the truth.

MLA citations:

•"Colombian Peso." - Wikipedia, the Free Encyclopedia. N.p., n.d. Web. 04 Apr. 2014.

•"Banco De La República (Banco Central De Colombia)." Banco De La República (Banco Central De Colombia). N.p., n.d. Web. 04 Apr. 2014.