Central Bank of Uruguay

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

Central Bank of Uruguay
Banco Central del Uruguay



HeadquartersMontevideo
EstablishedJuly 6, 1967 (1967-July-06)
Ownership100% state ownership[1]
PresidentDiego Labat
Central bank ofUruguay
CurrencyUruguayan peso
UYU (ISO 4217)
Reserves15 160 million USD[1]
Websitewww.bcu.gub.uy

History

The Central Bank of Uruguay was established on July 6, 1967 as an autonomous state entity (Spanish: 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]

  • Issuer of money notes and coins, as well as their withdrawal throughout the republic
  • Manage monetary, credit and currency exchanging as set out by law
  • Act as economic advisor, banker and financial agent of the Government
  • Administer the international reserves of the State
  • Be the banker of all government institutions
  • Represent the Uruguayan government at international financial organisations
  • Regulate and supervise all financial institutions

List of presidents

List of the presidents of Central Bank of Uruguay.

# Name Term of office Tenure length Notes
Start of term End of term
1 Enrique V. Iglesias May 16, 1967 January 9, 1969 1 year, 238 days [7]
2 Carlos Sanguinetti January 10, 1969 October 27, 1970 1 year, 290 days [8]
3 Armando Malet October 27, 1970 November 21, 1970 25 days [9]
4 Nilo Márquez December 14, 1970 August 12, 1971 241 days [10]
5 Jorge Echeverría August 12, 1971 March 1, 1972 201 days [11]
6 Juan Pedro Amestoy March 1, 1972 June 4, 1973 1 year, 95 days [12]
7 Carlos Ricchi June 4, 1973 December 23, 1974 1 year, 202 days [13]
8 José Gil Díaz December 23, 1974 July 5, 1982 7 years, 194 days [14]
9 José María Puppo July 5, 1982 February 24, 1984 1 year, 234 days [15]
10 Juan Carlos Protasi February 24, 1984 April 15, 1985 1 year, 50 days [16]
11 Ricardo Pascale April 16, 1985 April 9, 1990 4 years, 358 days [17]
12 Ramón Díaz April 9, 1990 October 18, 1993 3 years, 192 days [18]
13 Enrique Braga October 18, 1993 April 7, 1995 1 year, 171 days [19]
14 Ricardo Pascale April 7, 1995 April 18, 1996 1 year, 11 days [17]
15 Humberto Capote April 18, 1996 April 12, 2000 3 years, 360 days [20]
16 César Rodríguez Batlle April 13, 2000 July 24, 2002 2 years, 102 days [21]
17 Julio de Brun July 25, 2002 March 10, 2005 2 years, 228 days [22]
18 Walter Cancela March 10, 2005 October 24, 2008 3 years, 228 days [23]
19 Mario Bergara November 11, 2008 December 26, 2013 5 years, 45 days [24]
20 Alberto Graña January 10, 2014 April 20, 2015 1 year, 100 days [25]
21 Mario Bergara April 20, 2015 October 11, 2018 3 years, 173 days [24]
22 Alberto Graña October 11, 2018 March 4, 2020 1 year, 145 days [25]
23 Diego Labat March 20, 2020 Incumbent 3 years, 221 days [26]

See also

References
  1. Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. "Páginas - 45 años del Banco Central del Uruguay". www.bcu.gub.uy. Retrieved 2023-02-16.
  3. "Creación del banco - BROU". 2021-04-21. Archived from the original on 2021-04-21. Retrieved 2023-02-16.
  4. "Ley N° 16696". 2022-05-28. Archived from the original on 2022-05-28. Retrieved 2023-02-16.
  5. "Museo Numismático". 2022-07-02. Archived from the original on 2022-07-02. Retrieved 2023-02-16.
  6. "Charter of the Central Bank of Uruguay" (PDF).
  7. "Enrique Iglesias – Presidente – Arte BCU". 2022-06-07. Archived from the original on 2022-06-07. Retrieved 2023-02-16.
  8. "Carlos Sanguinetti – Presidente – Arte BCU". 2022-10-06. Archived from the original on 2022-10-06. Retrieved 2023-02-16.
  9. "Armando Malet – Presidente – Arte BCU". 2022-06-07. Archived from the original on 2022-06-07. Retrieved 2023-02-16.
  10. "Nilo Márquez – Presidente – Arte BCU". 2022-06-14. Archived from the original on 2022-06-14. Retrieved 2023-02-16.
  11. "Jorge Echeverría Leunda – Presidente – Arte BCU". 2022-07-05. Archived from the original on 2022-07-05. Retrieved 2023-02-16.
  12. "Juan Pedro Amestoy – Presidente – Arte BCU". 2022-11-14. Archived from the original on 2022-11-14. Retrieved 2023-02-16.
  13. "Carlos E. Ricci – Presidente – Arte BCU". 2022-10-06. Archived from the original on 2022-10-06. Retrieved 2023-02-16.
  14. "José Gil Díaz – Presidente – Arte BCU". 2022-07-05. Archived from the original on 2022-07-05. Retrieved 2023-02-16.
  15. "José María Puppo – Presidente – Arte BCU". 2022-07-05. Archived from the original on 2022-07-05. Retrieved 2023-02-16.
  16. "Juan Carlos Protasi – Arte BCU". 2022-07-05. Archived from the original on 2022-07-05. Retrieved 2023-02-16.
  17. "Ricardo Pascale – Presidente – Arte BCU". 2022-10-06. Archived from the original on 2022-10-06. Retrieved 2023-02-16.
  18. "Ramón Díaz – Presidente – Arte BCU". 2022-07-16. Archived from the original on 2022-07-16. Retrieved 2023-02-16.
  19. "Enrique Braga – Presidente – Arte BCU". 2022-10-06. Archived from the original on 2022-10-06. Retrieved 2023-02-16.
  20. "Humberto Capote – Presidente – Arte BCU". 2022-10-06. Archived from the original on 2022-10-06. Retrieved 2023-02-16.
  21. "César Rodríguez Batlle – Presidente – Arte BCU". 2022-10-06. Archived from the original on 2022-10-06. Retrieved 2023-02-16.
  22. "Julio De Brun – Presidente – Arte BCU". 2022-10-06. Archived from the original on 2022-10-06. Retrieved 2023-02-16.
  23. "Walter Cancela – Presidente – Arte BCU". 2022-10-06. Archived from the original on 2022-10-06. Retrieved 2023-02-16.
  24. "Mario Bergara – Presidente – Arte BCU". 2022-07-16. Archived from the original on 2022-07-16. Retrieved 2023-02-16.
  25. "Alberto Graña – Presidente – Arte BCU". 2022-10-06. Archived from the original on 2022-10-06. Retrieved 2023-02-16.
  26. "Páginas - El economista Diego Labat asumió como presidente del BCU". 2021-01-20. Archived from the original on 2021-01-20. Retrieved 2023-02-16.

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