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Manuel de Pombo: precursor de la banca central independiente en época de la Independencia

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  • Roberto Junguito

Abstract

This article provides an account of the responsible, independent position held by Manuel de Pombo, an accountant and later director of the national mint (la Casa de la Moneda) in Santa Fe de Bogotá during Colombian Independence. De Pombo refused to yield to the demands of Antonio Nariño, then President of the Sovereign State of Cundinamarca, to reduce the gold content of coins as an excise tax without the full knowledge and consent of Congress and the people. De Pombo’s steadfast stance regarding the safekeeping of the nation´s reserves, as well as his defense of the currency’s purchasing power, led to his dismissal as the director of the national mint in 1813. In recognition of de Pombo’s solid economic reasoning, this paper reviews his outstanding contribution as a pioneering advocate for an autonomous central bank during Independence. This historical essay falls into the subject category of currency valuation during the period of Colombian Independence.

Suggested Citation

  • Roberto Junguito, 2012. "Manuel de Pombo: precursor de la banca central independiente en época de la Independencia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 30(67), pages 106-127, July.
    • Handle: RePEc:bdr:ensayo:v:30:y:2012:i:67:p:106-127
    DOI: 10.32468/Espe.6704
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    Cited by:

    1. Roberto Junguito Bonnet, 2019. "El papel de los gremios en la economía colombiana," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, vol. 82(4), pages 103-127, May.

    More about this item

    Keywords

    valor de la moneda; independencia de Colombia;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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