Central Bank of Uruguay

The Central Bank of Uruguay (, BCU) is the central bank of Uruguay.

History

The Central Bank of Uruguay was established on July 6, 1967 as an autonomous state entity (), with the passing of the 196th article of the Constitution of 1967. 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.

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.

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.

Functions

According to the 7th article of the BCU's Charter, its responsibilities are; 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. NameTerm of officeTenure lengthNotesStart of termEnd of term1Enrique V. IglesiasMay 16, 1967January 9, 19692Carlos SanguinettiJanuary 10, 1969October 27, 19703Armando MaletOctober 27, 1970November 21, 19704Nilo MárquezDecember 14, 1970August 12, 19715Jorge EcheverríaAugust 12, 1971March 1, 19726Juan Pedro AmestoyMarch 1, 1972June 4, 19737Carlos RicchiJune 4, 1973December 23, 19748José Gil DíazDecember 23, 1974July 5, 19829José María PuppoJuly 5, 1982February 24, 198410Juan Carlos ProtasiFebruary 24, 1984April 15, 198511Ricardo PascaleApril 16, 1985April 9, 199012Ramón DíazApril 9, 1990October 18, 199313Enrique BragaOctober 18, 1993April 7, 199514Ricardo PascaleApril 7, 1995April 18, 199615Humberto CapoteApril 18, 1996April 12, 200016César Rodríguez BatlleApril 13, 2000July 24, 200217Julio de BrunJuly 25, 2002March 10, 200518Walter CancelaMarch 10, 2005October 24, 200819Mario BergaraNovember 11, 2008December 26, 201320Alberto GrañaJanuary 10, 2014April 20, 201521Mario BergaraApril 20, 2015October 11, 201822Alberto GrañaOctober 11, 2018March 4, 202023Diego LabatMarch 20, 2020July 25, 202424Washington RibeiroJuly 26, 2024March 24, 202525Guillermo TolosaMarch 24, 2025Incumbent

Central Bank of Uruguay

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