Central Reserve Bank of Peru

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

Central Reserve Bank of Peru
Banco Central de Reserva del Perú

Logo of the BCRP Central Reserve Bank Building
Headquarters	Jr. Santa Rosa de Lima, 441–445 15001 Lima
Coordinates	12.048162°S 77.030141°W / -12.048162; -77.030141
Established	March 9, 1922 (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

Its branch in Arequipa was established in 1871, and it served the city by issuing money as well as maintaining a good reputation for savings accounts in Southern Peru. It is the equivalent of the Federal Reserve of the United States or the European Central Bank in Europe.

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.