Central Bank of Uruguay

The Central Bank of Uruguay (BCU) (Spanish: Banco Central del Uruguay) is the central bank of the Uruguay.

Central Bank of Uruguay
Banco Central del Uruguay
HeadquartersMontevideo
EstablishedJuly 6, 1967 (1967-July-06)
Ownership100% state ownership[1]
PresidentDiego Labat
Central bank ofUruguay
CurrencyUruguayan peso
UYU (ISO 4217)
Reserves15 160 million USD[1]
Websitewww.bcu.gub.uy

History

The Central Bank of Uruguay was established on July 6, 1967 as an autonomous state entity (Spanish: Ente Autónomo), with the passing of the 196th article of the República Oriental del Uruguay's Constitution. 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.

On March 30, 1995 a bank charter was passed (Law 16696), which expanded the BCUs responsibilities and set out the management structure as well as the functions and responsibilities of the bank.

Numismatic museum

The building of the Central Bank in Ciudad Vieja, Montevideo houses the Numismatic museum, which is open to the public from 10:00 to 16:00 Monday to Friday and has free entrance.

Responsibilities

According to the 7th article of the BCUs Charter, its responsibilities are;

  • 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

Presidents of the Central Bank

List of the presidents of Banco de la República Oriental del Uruguay and Banco Central del Uruguay.

Name Period Notes
Claudio Williman 01/05/1916 – 30/04/1928 [2]
Pedro Aramendía 01/05/1928 – 30/11/1928 [2]
Alejandro Gallinal 01/02/1929 – 30/11/1931 [2]
Javier Mendivil 01/12/1931 – 30/03/1933 [2]
José Serrato 01/04/1933 – 30/07/1934 [2]
Jorge West 01/08/1934 – 30/07/1938 [2]
Gabriel Terra 01/08/1938 – 30/06/1939 [2]
Vicente Costa 01/08/1939 – 31/05/1943 [2]
Alfredo Baldomir 01/06/1943 – 30/06/1946 [2]
Andrés Martínez Trueba 01/02/1948 – 30/06/1950 [2]
Alberto Fermín Zubiría 01/07/1950 – 30/11/1954 [2]
Francisco Forteza 01/06/1955 – 31/07/1958 [2]
Mario Fullgraff 01/08/1958 – 30/06/1959 [2]
Solano Amilivia 01/07/1959 – 30/04/1963 [2]
Francisco Podesta 01/05/1963 – 30/06/1964 [2]
José Pedro Aramendía 01/08/1964 – 30/04/1965 [2]
Julio Solsona Flores 01/05/1965 – 31/01/1967 [2]
Daniel H. Martins 03/03/1967 – 16/05/1967 [2]
Enrique V. Iglesias 16/05/1967 – 09/01/1969 [2]
Carlos Sanguinetti 09/01/1969 – 27/10/1970 [2]
Armando Malet 27/10/1970 – 01/12/1970 [2]
Nilo Márquez 14/12/1970 – 12/08/1971 [2]
Jorge Echeverría 13/08/1971 – 01/03/1972 [2]
Juan Pedro Amestoy 01/03/1972 – 04/06/1973 [2]
Carlos Ricchi 04/06/1973 – 23/12/1974 [2]
José Gil Díaz 23/12/1974 – 05/07/1982 [2]
José María Puppo 05/07/1982 – 24/02/1984 [2]
Juan Carlos Protasi 24/02/1984 – 15/04/1985 [2]
Ricardo Pascale 16/04/1985 – 04/04/1990 [2]
Ramón Díaz 05/04/1990 – 18/10/1993 [2]
Enrique Braga 18/10/1993 – 06/04/1995 [2]
Ricardo Pascale 06/04/1995 – 18/04/1996 [2]
Humberto Capote 18/04/1996 – 13/04/2000 [2]
César Rodríguez Batlle 13/04/2000 – 25/07/2002 [2]
Julio de Brun 25/07/2002 – 09/03/2005
Walter Cancela 10/03/2005 – 25/10/2008
Mario Bergara 11/11/2008 - 26/12/2013
Alberto Graña 11/01/2014 - 21/04/2015
Mario Bergara 21/04/2015 - 11/11/2018
Alberto Graña 11/11/2018 - 2020
Diego Labat 2020 -

See also

References
  1. https://d-nb.info/1138787981/34
  2. Diego Aboal and Gabriel Oddone. "Reglas versus Discrecionalidad: La Política Monetaria en Uruguay entre 1920 y 2000" (PDF). Banco Central del Uruguay.



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