Art. 371
The Bank of the Republic shall exercise the functions of a central bank. It shall be organized as a legal public entity with administrative, patrimonial, and technical autonomy, subject to its own legal regime.
The following shall be the basic functions of the Bank of the Republic: to regulate the money supply, international exchanges, and credit; to issue legal tender; to administer the international reserves; to be the lender of last resort and banker of the credit institutions; and to serve as the government’s fiscal agent. All these functions shall be exercised in coordination with the general economic policy.
The Bank shall give a report to Congress on the execution of the policies for which it is responsible and on other matters requested from it.
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