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Central Reserve Bank of Peru

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Central Bank of Peru

Central Reserve Bank of Peru
*Banco Central de Reserva del Perú*

Central Reserve Bank Building
Headquarters	Jr. Santa Rosa de Lima, 441–445 15001Lima
Coordinates	12°02′53″S77°01′49″W / 12.048162°S 77.030141°W /-12.048162; -77.030141
Established	March 9, 1922 (103 years ago) (1922-03-09)^[1]
Ownership	100%state ownership^[2]
President	Julio Velarde Flores
Central bank of	Peru
Currency	Peruvian sol PEN (ISO 4217)
Reserves	59 400 million USD^[2]
Bank rate	7.17%
Interest rate target	2.75%
Website	www.bcrp.gob.pe

TheCentral Reserve Bank of Peru (Spanish:Banco Central de Reserva del Perú; BCRP) is the Peruviancentral bank. It mints and issues metal and paper money, thesol.

Its branch inArequipa was established in 1871,^{[citation needed]} and it served the city by issuing money as well as maintaining a good reputation for savings accounts in SouthernPeru. It is the equivalent of theFederal Reserve of theUnited States or theEuropean Central Bank inEurope.

The Constitution states that the purpose of the Central Reserve Bank is to preserve monetary stability. The Central Reserve Bank's target annual inflation is 2.0 percent, with a tolerance of one percentage point upward and downward; its policies are aimed at achieving that goal.

The Constitution also assigns the following functions to the Central Reserve Bank: regulating currency and credit of the financial system, administering the international reserves in its care, issuing banknotes and coins, reporting regularly to the country on national finances, and managing the profitability of funds.

Presidents

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Eulogio Romero Salcedo, 1922-1925
Agustín de la Torre González, 1926-1927
Eulogio Romero Salcedo, 1928-1929
Enrique Ferreyros, 1930-1931
Manuel Augusto Olaechea, 1931-1934
Manuel Prado Ugarteche, 1934-1939
Fernando Gazzani, 1939-1945
Francisco Tudela y Varela, 1945-1948
Pedro Beltrán Espantoso, 1948-1950
Clemente de Althaus Dartnell, 1950-1952
Daniel Olaechea, 1952
Andrés F. Dasso, 1952-1958
Enrique Bellido, 1959-1964
Alfredo C. Ferreyros, 1964-1966
Fernando Schwalb, 1966-1968
José Morales Urresti, 1968
Carlos Vidal, 1968
Alfredo Rodríguez Martínez, 1968-1969
Emilio G. Barreto, 1969-1975
Carlos Santisteban de Noriega, 1975-1977
Germán de la Melena Guzmán, 1977-1978
Manuel Moreyra Loredo, 1978-1980
Richard Webb Duarte, 1980-1985
Leonel Figueroa Ramírez, 1985-1987
Pedro Coronado Labó, 1987-1990
Jorge Chávez Álvarez, 1990-1992
Germán Suárez Chávez, 1992-2001
Richard Webb Duarte, 2001-2003
Javier Silva Ruete, 2003-2004
Óscar Dancourt Masías, 2004-2006
Julio Velarde Flores, 2006-

Source:^[3]

Politics of Peru


Constitution
Executive President of Peru José Jerí Vice Presidents of Peru Vacant (1st) Vacant (2nd) Prime Minister of Peru Eduardo Arana Cabinet Ministries
Legislature Congress of the Republic President Fernando Rospigliosi (acting)
Judiciary Supreme Court of Justice of the Republic Chief JusticeJanet Tello Gilardi Superior Courts of Justice Courts of First Instance Courts of Peace
Autonomies National Board of Justice Constitutional Court Public Ministry Office of the Public Defender (Ombudsman) Comptrollership General Financial superintendence(SBS) Central Reserve Bank
Elections Electoral system Electoral Processes(ONPE) Jury of Elections(JNE) National Registry(RENIEC)
Administrative divisions First level 24 departments,1 constitutional province and1 special regime province (25 regional governments and1 Metropolitan Municipality) Second level 196 provinces (Provincial municipalities) Third level 1874 districts (District municipalities) Fourth level 2859populated centres Judicial 34Judicial districts of Peru
Foreign relations Ministry of Foreign Affairs Minister:Elmer Schialer Diplomatic missions of /in Peru Nationality law Passport Visa requirements Visa policy
Peru portal Other countries
v t e

References

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^"Central Reserve Bank of Peru". Retrieved2 September 2012.
^^a ^bWeidner, Jan (2017)."The Organisation and Structure of Central Banks"(PDF).Katalog der Deutschen Nationalbibliothek.
^Historial de autoridades del Banco Central de Reserva del Perú desde 1922Banco Central de Reserva del Perú

External links

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(in Spanish and English)Official website

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