Post 2: monetary system in colombia

The money in colombia is controlled by the central bank and its goal is to have enough money, for the entire country including the government. Its other obligationl is that consumers have enough money to make their purchases, companies have enough money to make purchases, pay their obligations and make their investments and that the government has enough money to meet its expenses and make investments. The system works preety much the same as in the US.

The Central Bank in this case only has to keep 8 percent and also has the benefit of injecting money in the system. Besides from that difference the system works virtually the same, the government asks for money and the central bank gives it to them and after that the multiple deposits start happening. This is another Colombian system that was modeled after an american system and this leads to more corruption. The money systems in most countries is corrupt and unless we make drastic changes like Andrew Jackson in 1845 the system wont change at all and corruption will prevail.