Republic of New Granada Republic of New Granada The Republic of New Granada was a centralist republic consisting primarily of present-day Colombia and Panama with smaller portions of today's Nicaragua, Costa Rica, Ecuador, Venezuela, Peru, and Brazil. It was created after the dissolution in 1830 of Gran Colombia, with the secession of Ecuador (Quito, Guayaquil and Azuay) and Venezuela (with Orinoco, Apure and Zulia) and was formed by the departments of Boyaca, Cauca, Cundinamarca, Magdalena, and Istmo, all parts of the present Republic of Colombia. except Istmo, which is part of present-day Panama). In November 1831, those departments created the Republic of New Granada,
Bank of the Republic (Colombia) Bank of the Republic (Colombia) The Banco de la República () is the central bank of the Republic of Colombia. Its main functions are detailed by the Congress according to the Ley 31 de 1992. One of them is the issuance of the Colombian currency, the peso. The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. There are at least three predecessors to the current bank. The first national bank was created in 1880, named the "Banco Nacional", and its functions included handling the state funds, issuing currency