The Central Bank of Uruguay ( es, Banco Central del Uruguay, BCU) is the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...

of the

Uruguay Uruguay (; ), officially the Oriental Republic of Uruguay ( es, República Oriental del Uruguay), is a country in South America. It shares borders with Argentina to its west and southwest and Brazil to its north and northeast; while bordering ...

History

The Central Bank of Uruguay was established on July 6, 1967 as an autonomous state entity ( es, Ente Autónomo), with the passing of the 196th article of the República Oriental del Uruguay's Constitution. 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 16696), which expanded the BCUs responsibilities and set out the management structure as well as the functions and responsibilities of the bank.

Numismatic museum

The building of the Central Bank in

Ciudad Vieja, Montevideo Ciudad Vieja (, ''Old City'') is a historic neighbourhood in Montevideo, the capital of Uruguay. Located in a peninsula at the entrance of the natural port of Montevideo it was founded in 1724 as a walled city by the Spanish Empire, after the i ...

houses the Numismatic museum, which is open to the public from 10:00 to 16:00 Monday to Friday and has free entrance.

Responsibilities

According to the 7th article of the BCUs 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

Presidents of the Central Bank

List of the presidents of Banco de la República Oriental del Uruguay and Banco Central del Uruguay.

References

External links

*
Official website
Government-owned companies of Uruguay