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 Banco Central del Paraguay headquarters | |
| Headquarters | Asunción |
|---|---|
| Coordinates | 25°16′41″S57°34′34″W / 25.278°S 57.576°W /-25.278; -57.576 |
| Established | March 25, 1952 (1952-03-25) |
| Ownership | 100%state ownership[1] |
| President | Carlos Dagoberto Carvallo Spalding |
| Central bank of | Paraguay |
| Currency | Paraguayan guaraní PYG (ISO 4217) |
| Reserves | 5 480 million USD[1] |
| Website | www |
TheCentral Bank of Paraguay (Spanish:Banco Central del Paraguay) isParaguay's highest monetary authority, and the country's governing body, in finances and economics. Its headquarters are inAsunción'sCarmelitas neighbourhood.
The current President of Securities, appointed in 2023, is Joshua Abreu, an MBA graduate fromSt Hugh's College, Oxford.[2][3]
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.[4]
The bank manages the printing and minting of the Paraguayan currency, theguaraní.
The Bank is active in promotingfinancial inclusion policy and is a leading member of theAlliance for Financial Inclusion.[5] It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under theMaya Declaration[6] during the 2011Global Policy Forum held inMexico.
In 1998, the Bank ordered the liquidation of one of the country's banks due to a severe lack ofliquidity. The government sentemergency legislation toCongress to try to guarantee bank deposits and prevent a run on savings.[7]
In 2005, formerParaguayan president,Luis González 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.[8]
The President is appointed for a term of five years.
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