 | |
| Headquarters | Asunción |
|---|---|
| Coordinates | 25°16′41″S 57°34′34″W / 25.278°S 57.576°W |
| Established | March 25, 1952 |
| Ownership | 100% state ownership[1] |
| President | José Cantero Sienra |
| Central bank of | Paraguay |
| Currency | Paraguayan guaraní PYG (ISO 4217) |
| Reserves | 5 480 million USD[1] |
| Website | www |
The Central Bank of Paraguay (Spanish: Banco Central del Paraguay) is Paraguay's highest monetary authority, and the country's governing body, in finances and economics. Its headquarters are in Asunción. The institution was created by Law 18/52 of March 25, 1952. In 1995, the legal frame of the Central Bank was replaced by Law 489/95.[2]
The bank manages the printing and minting of the Paraguayan currency, the guaraní.
The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion.[3] It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration[4] during the 2011 Global Policy Forum held in Mexico.
In 1998, the Bank ordered the liquidation of one of the country's banks due to a severe lack of liquidity. The government sent emergency legislation to Congress to try to guarantee bank deposits and prevent a run on savings.[5]
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In 2005, former Paraguayan president, Luis Gonzales Macchi and four bank officials were jailed following their involvement in the illegal transfer of $16m of funds through the bank to the United States.[6]
Presidents of the Central Bank of Paraguay
The President is appointed for a term of five years.
- Juan Ramón Chávez (1952)[7]
- Pedro Juan Mayor (1952), interim[7]
- Epifanio Méndez Fleitas (1952-1954)[7]
- Pedro Mayor (1954), interim[7]
- Osvaldo Chávez (1954)[7]
- Pedro Mayor (1955), interim[7]
- Epifanio Méndez Fleitas (1955)[7]
- Gustavo Storm (1955-1959)[7]
- César Romeo Acosta Martínez (1959-1989)[7]
- Crispiniano Sandoval Silva (1989-1991)[7]
- José Enrique Páez (1991-1993)[7]
- Jacinto Estigarribia (1993-1995)[7]
- Dionisio Coronel Benítez (1995), interim[7]
- Hermes Gómez Ginard (1995-1998)[7]
- Jorge Gulino Ferrari (1998-1999), interim[7]
- Samuel Washington Aswell (1999-2001)[7]
- Raúl Vera Bogado (2001-2002)[7]
- Juan Antonio Ortiz Vely (2002-2003)[7]
- Angel Gabriel González (2003-2005)[7]
- Mónica Pérez (2005-2007)[7]
- Venicio Sánchez Guerreros (2007), interim[7]
- Germán H. Rojas Irigoyen (2007-2008), interim
- Jorge Corvalán (2008-2013)[8]
- Carlos Fernández Valdovinos (2013-2018)[9][8]
- José Cantero Sienra (2018-)[10]
References
- ^ a b https://d-nb.info/1138787981/34
- ^ "Historia del BCP - BCP - Banco Central del Paraguay". www.bcp.gov.py.
- ^ "Alliance for Financial Inclusion". Alliance for Financial Inclusion | Bringing smart policies to life. Archived from the original on 2015-09-27. Retrieved 2020-04-10.
- ^ http://www.prnewswire.com/news-releases/maya-declaration-urges-financial-inclusion-for-worlds-unbanked-populations-130887928.html
- ^ "BBC News | Americas | Paraguayan bank shut down". news.bbc.co.uk.
- ^ "Former Paraguay president jailed". June 6, 2006 – via news.bbc.co.uk.
- ^ a b c d e f g h i j k l m n o p q r s t u "Recuerdan 55° aniversario del Banco Central del Paraguay - Economía - ABC Color". www.abc.com.py.
- ^ a b "Ex presidentes del Banco Central compartieron diálogo a fondo sobre el sistema financiero paraguayo - BCP - Banco Central del Paraguay". www.bcp.gov.py.
- ^ "El presidente del Banco Central del Paraguay se va con "resultados a la vista"". www.efe.com.
- ^ "José Cantero Sienra - BCP - Banco Central del Paraguay". www.bcp.gov.py.
See also
- Payment system
- Real-time gross settlement
External links
- (in Spanish) Official site: Central Bank of Paraguay