Central Bank of Uruguay explained

Bank Name In Local:Banco Central del Uruguay
Ownership:100% state ownership[1]
Headquarters:Montevideo
President:Washington Ribeiro
Bank Of:Uruguay
Currency:Uruguayan peso
Currency Iso:UYU
Reserves:15 160 million USD

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

History

The Central Bank of Uruguay was established on July 6, 1967 as an autonomous state entity (Spanish; Castilian: Ente Autónomo), 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 BCUs Charter, its responsibilities are;[6]

List of presidents

List of the presidents of Central Bank of Uruguay.

NameTerm of officeTenure lengthNotes
Start of termEnd of term
1Enrique V. IglesiasMay 16, 1967January 9, 1969[7]
2Carlos SanguinettiJanuary 10, 1969October 27, 1970[8]
3Armando MaletOctober 27, 1970November 21, 1970[9]
4Nilo MárquezDecember 14, 1970August 12, 1971[10]
5Jorge EcheverríaAugust 12, 1971March 1, 1972[11]
6Juan Pedro AmestoyMarch 1, 1972June 4, 1973[12]
7Carlos RicchiJune 4, 1973December 23, 1974[13]
8José Gil DíazDecember 23, 1974July 5, 1982[14]
9José María PuppoJuly 5, 1982February 24, 1984[15]
10Juan Carlos ProtasiFebruary 24, 1984April 15, 1985[16]
11Ricardo PascaleApril 16, 1985April 9, 1990[17]
12Ramón DíazApril 9, 1990October 18, 1993[18]
13Enrique BragaOctober 18, 1993April 7, 1995[19]
14Ricardo PascaleApril 7, 1995April 18, 1996
15Humberto CapoteApril 18, 1996April 12, 2000[20]
16César Rodríguez BatlleApril 13, 2000July 24, 2002[21]
17Julio de BrunJuly 25, 2002March 10, 2005[22]
18Walter CancelaMarch 10, 2005October 24, 2008[23]
19Mario BergaraNovember 11, 2008December 26, 2013[24]
20Alberto GrañaJanuary 10, 2014April 20, 2015[25]
21Mario BergaraApril 20, 2015October 11, 2018
22Alberto GrañaOctober 11, 2018March 4, 2020
23Diego LabatMarch 20, 2020July 25, 2024[26]
24Washington RibeiroJuly 26, 2024Incumbent[27]

See also

External links

-34.9032°N -56.2°W

Notes and References

  1. Web site: Weidner . Jan . The Organisation and Structure of Central Banks . Katalog der Deutschen Nationalbibliothek. 2017. PDF.
  2. Web site: Páginas - 45 años del Banco Central del Uruguay . 2023-02-16 . www.bcu.gub.uy.
  3. Web site: 2021-04-21 . Creación del banco - BROU . 2023-02-16 . https://web.archive.org/web/20210421142604/https://www.brou.com.uy/institucional/el-banco/creacion-del-banco . 2021-04-21 .
  4. Web site: 2022-05-28 . Ley N° 16696 . 2023-02-16 . https://web.archive.org/web/20220528192255/https://www.impo.com.uy/bases/leyes/16696-1995 . 2022-05-28 .
  5. Web site: 2022-07-02 . Museo Numismático . 2023-02-16 . https://web.archive.org/web/20220702121344/https://www.bcu.gub.uy/Billetes-Monedas/Museo/Paginas/Presentacion_Museo.aspx . 2022-07-02 .
  6. Web site: Charter of the Central Bank of Uruguay .
  7. Web site: 2022-06-07 . Enrique Iglesias – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20220607213449/https://arte.bcu.gub.uy/obra/bcup232/ . 2022-06-07 .
  8. Web site: 2022-10-06 . Carlos Sanguinetti – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20221006195023/https://arte.bcu.gub.uy/obra/bcup233/ . 2022-10-06 .
  9. Web site: 2022-06-07 . Armando Malet – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20220607213453/https://arte.bcu.gub.uy/obra/bcup234/ . 2022-06-07 .
  10. Web site: 2022-06-14 . Nilo Márquez – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20220614030137/https://arte.bcu.gub.uy/obra/bcup235/ . 2022-06-14 .
  11. Web site: 2022-07-05 . Jorge Echeverría Leunda – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20220705042848/https://arte.bcu.gub.uy/obra/bcup236/ . 2022-07-05 .
  12. Web site: 2022-11-14 . Juan Pedro Amestoy – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20221114035018/https://arte.bcu.gub.uy/obra/bcup223/ . 2022-11-14 .
  13. Web site: 2022-10-06 . Carlos E. Ricci – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20221006200907/https://arte.bcu.gub.uy/obra/bcup222/ . 2022-10-06 .
  14. Web site: 2022-07-05 . José Gil Díaz – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20220705043010/https://arte.bcu.gub.uy/obra/bcup221/ . 2022-07-05 .
  15. Web site: 2022-07-05 . José María Puppo – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20220705043029/https://arte.bcu.gub.uy/obra/bcup220/ . 2022-07-05 .
  16. Web site: 2022-07-05 . Juan Carlos Protasi – Arte BCU . 2023-02-16 . https://web.archive.org/web/20220705043049/https://arte.bcu.gub.uy/obra/bcup219/ . 2022-07-05 .
  17. Web site: 2022-10-06 . Ricardo Pascale – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20221006205822/https://arte.bcu.gub.uy/obra/bcup218/ . 2022-10-06 .
  18. Web site: 2022-07-16 . Ramón Díaz – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20220716161257/https://arte.bcu.gub.uy/obra/bcup224/ . 2022-07-16 .
  19. Web site: 2022-10-06 . Enrique Braga – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20221006210103/https://arte.bcu.gub.uy/obra/bcup225/ . 2022-10-06 .
  20. Web site: 2022-10-06 . Humberto Capote – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20221006194512/https://arte.bcu.gub.uy/obra/bcup226/ . 2022-10-06 .
  21. Web site: 2022-10-06 . César Rodríguez Batlle – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20221006204809/https://arte.bcu.gub.uy/obra/bcup227/ . 2022-10-06 .
  22. Web site: 2022-10-06 . Julio De Brun – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20221006193035/https://arte.bcu.gub.uy/obra/bcup228/ . 2022-10-06 .
  23. Web site: 2022-10-06 . Walter Cancela – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20221006203420/https://arte.bcu.gub.uy/obra/bcup229/ . 2022-10-06 .
  24. Web site: 2022-07-16 . Mario Bergara – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20220716161406/https://arte.bcu.gub.uy/obra/bcup230/ . 2022-07-16 .
  25. Web site: 2022-10-06 . Alberto Graña – Presidente – Arte BCU . 2023-02-16 . https://web.archive.org/web/20221006194312/https://arte.bcu.gub.uy/obra/alberto-grana-presidente/ . 2022-10-06 .
  26. Web site: 2021-01-20 . Páginas - El economista Diego Labat asumió como presidente del BCU . 2023-02-16 . https://web.archive.org/web/20210120065130/https://www.bcu.gub.uy/Comunicaciones/Paginas/Labat_Asuncion_Marzo2020.aspx . 2021-01-20 .
  27. Web site: Sala de Prensa . 2024-07-26 . El economista Washington Ribeiro asumió la Presidencia del Directorio del BCU . 2024-07-28 . Banco Central del Uruguay.

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