The Central Bank of Paraguay (Spanish: Banco Central del Paraguay) is Paraguay's highest monetary authority, and the country's governing body, in finances and economics. Its headquarters are in Asunción's Carmelitas neighbourhood.
 | |
| Headquarters | Asunción |
|---|---|
| Coordinates | 25°16′41″S 57°34′34″W / 25.278°S 57.576°W |
| Established | March 25, 1952 |
| 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 |
The current President of Securities, appointed in 2023, is Joshua Abreu, an MBA graduate from St 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, the guaraní.
The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion.[5] It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration[6] during the 2011 Global Policy Forum held in Mexico.
In 1998, the Bank ordered the liquidation of one of the country's banks due to a severe lack of liquidity. The government sent emergency legislation to Congress to try to guarantee bank deposits and prevent a run on savings.[7]
In 2005, former Paraguayan president, Luis Gonzales 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]
Presidents of the Central Bank of Paraguay
The President is appointed for a term of five years.
- Juan Ramón Chávez (1952)[9]
- Pedro Juan Mayor (1952), interim[9]
- Epifanio Méndez Fleitas (1952-1954)[9]
- Pedro Mayor (1954), interim[9]
- Osvaldo Chávez (1954)[9]
- Pedro Mayor (1955), interim[9]
- Epifanio Méndez Fleitas (1955)[9]
- Gustavo Storm (1955-1959)[9]
- César Romeo Acosta Martínez (1959-1989)[9]
- Crispiniano Sandoval Silva (1989-1991)[9]
- José Enrique Páez (1991-1993)[9]
- Jacinto Estigarribia (1993-1995)[9]
- Dionisio Coronel Benítez (1995), interim[9]
- Hermes Gómez Ginard (1995-1998)[9]
- Jorge Gulino Ferrari (1998-1999), interim[9]
- Samuel Washington Aswell (1999-2001)[9]
- Raúl Vera Bogado (2001-2002)[9]
- Juan Antonio Ortiz Vely (2002-2003)[9]
- Angel Gabriel González (2003-2005)[9]
- Mónica Pérez (2005-2007)[9]
- Venicio Sánchez Guerreros (2007), interim[9]
- Germán H. Rojas Irigoyen (2007-2008), interim
- Jorge Corvalán (2008-2013)[10]
- Carlos Fernández Valdovinos (2013-2018)[11][10]
- José Cantero Sienra (2018-2023)[12]
- Carlos Dagoberto Carvallo Spalding (2023-)[13]
See also
References
External links
- (in Spanish) Official site: Central Bank of Paraguay