Central Bank of Paraguay
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Central Bank of Paraguay
Banco Central del Paraguay
Logo Banco Central del Paraguay.jpg
HeadquartersAsunción
Coordinates25°16?41?S 57°34?34?W / 25.278°S 57.576°W / -25.278; -57.576
EstablishedMarch 25, 1952 (1952-March-25)
Ownership100% state ownership[1]
PresidentJosé Cantero Sienra
Central bank ofParaguay
CurrencyParaguayan guaraní
PYG (ISO 4217)
Reserves5 480 million USD[1]
Websitewww.bcp.gov.py

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]

Banco Central del Paraguay headquarters

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.

See also

References

  1. ^ a b https://d-nb.info/1138787981/34
  2. ^ "Historia del BCP - BCP - Banco Central del Paraguay". www.bcp.gov.py.
  3. ^ "Alliance for Financial Inclusion". Alliance for Financial Inclusion | Bringing smart policies to life. Archived from the original on 2015-09-27. Retrieved .
  4. ^ http://www.prnewswire.com/news-releases/maya-declaration-urges-financial-inclusion-for-worlds-unbanked-populations-130887928.html
  5. ^ "BBC News | Americas | Paraguayan bank shut down". news.bbc.co.uk.
  6. ^ "Former Paraguay president jailed". June 6, 2006 – via news.bbc.co.uk.
  7. ^ 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.
  8. ^ 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.
  9. ^ "El presidente del Banco Central del Paraguay se va con "resultados a la vista"". www.efe.com.
  10. ^ "José Cantero Sienra - BCP - Banco Central del Paraguay". www.bcp.gov.py.

External links



  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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