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Central Reserve Bank of Peru

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Central Reserve Bank of Peru
Banco Central de Reserva del Perú

Logo of the BCRP

Central Reserve Bank Building
HeadquartersJr. Santa Rosa de Lima, 441–445
15001 Lima
Coordinates12°02′53″S 77°01′49″W / 12.048162°S 77.030141°W / -12.048162; -77.030141
EstablishedMarch 9, 1922 (102 years ago) (1922-03-09)[1]
Ownership100% state ownership[2]
PresidentJulio Velarde Flores
Central bank of Peru
CurrencyPeruvian sol
PEN (ISO 4217)
Reserves59 400 million USD[2]
Bank rate7.17%
Interest rate target2.75%
Websitewww.bcrp.gob.pe Edit this at Wikidata

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.

Its branch in Arequipa 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 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.

Presidents

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First president, Eulogio Romero Salcedo
Current president, Julio Velarde Flores
  • 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
Legislature
Congress of the Republic
President
Eduardo Salhuana
Judiciary

Supreme Court of the Republic
President Javier Arévalo Vela [es]

Autonomies
Elections
Administrative divisions
Foreign relations
flag Peru portal

See also

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References

[edit]
  1. ^ "Central Reserve Bank of Peru". Retrieved 2 September 2012.
  2. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  3. ^ Historial de autoridades del Banco Central de Reserva del Perú desde 1922 Banco Central de Reserva del Perú
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