Central Bank of Uruguay

The Central Bank of Uruguay (, BCU) is the central bank of Uruguay.

History

The Central Bank of Uruguay was established on July 6, 1967 as an autonomous state entity, with the passing of the 196th article of the Constitution of 1967.[2] Prior to the creation of the BCU, the issuing of currency and managing and supervising of the banking system was handled by the department of the Banco de la República Oriental del Uruguay.[3]

On March 30, 1995 a bank charter was passed (Law 16,696), which expanded the BCUs responsibilities and set out the management structure as well as the functions and responsibilities of the bank.[4]

The headquarters of the Central Bank in Ciudad Vieja, Montevideo houses the numismatic museum, in which both Uruguayan coins and banknotes from the Banco de la República and the Central Bank, as well as foreign ones, are exhibited.[5]

Functions

According to the 7th article of the BCU's Charter, its responsibilities are;[6]

• Issuer of money notes and coins, as well as their withdrawal throughout the republic
• Manage monetary, credit and currency exchanging as set out by law
• Act as economic advisor, banker and financial agent of the Government
• Administer the international reserves of the State
• Be the banker of all government institutions
• Represent the Uruguayan government at international financial organisations
• Regulate and supervise all financial institutions

List of presidents

List of the presidents of Central Bank of Uruguay.

See also

• Bolsa de Valores de Montevideo
• Economy of Uruguay
• Uruguayan peso
• List of central banks
• Americas Central Securities Depositories Association
• List of financial supervisory authorities by country

External links

• Official website