Why It Is Authorizing The Central Bank To Participate In The Issuance Of International Series Of Gold Coin Or Silver Commemorative Or Numismatic Purposes

Original Language Title: Por la cual se autoriza al Banco de la República para participar en la emisión de series internacionales de moneda de oro o de plata con fines conmemorativos o numismáticos

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ACT 275 OF 1996
(April 8)
Official Gazette No. 42,762 of April 10, 1996
Whereby the Bank of the Republic is authorized to participate in the issuance of international gold coin series or silver commemorative or numismatic purposes.

ARTICLE 1o. Authorize the Bank of the Republic to wedge in the country or abroad a gold or silver legal tender, with commemorative or numismatic purposes, for the second Latin American series of coins commemorating the Quincentennial of the Discovery of America.
The Bank of the Republic may put it into circulation and distributed in Colombia or abroad, directly or by contract, for numismatic purposes.
The Board of the Bank of the Republic shall determine the amount of the issue, the face value of the coin, conditions and sales prices, their alloys and other features.
Article 2.
. The costs incurred by the Bank of the Republic for the minting of the coin under the preceding article as well as the income obtained from their sale will be expenses and operating income of the Bank, respectively.

ARTICLE 3. This Act governs from the date of publication.
The President of the honorable Senate, JULIUS CAESAR
Tulena WAR.
The Secretary General of the honorable Senate,
The President of the honorable House of Representatives,
Rodrigo Rivera Salazar.
The Secretary General of the honorable House of Representatives, DIEGO VIVAS
Republic of Colombia - National Government.
Published and execute.
Given in Bogota, DC, on April 8, 1996. Ernesto Samper Pizano

The Minister of Finance and Public Credit, WILLIAM PERRY RUBIO