Central Bank of Venezuela

Central Bank of Venezuela

Abbreviation	BCV
Formation	8 September 1939 (1939-09-08)
Type	GO
Headquarters	Caracas, Venezuela
Location	Avenida Urdaneta, Caracas 1010, Venezuela^[1]
Key people	Nelson Merentes Díaz^[2]
Website	http://www.bcv.org.ve

Central Bank of Venezuela Building

The Central Bank of Venezuela (Spanish: Banco Central de Venezuela, BCV) is the central bank of Venezuela. It maintains a fixed exchange rate for the Venezuelan bolívar. Nelson Merentes is the President of the Central Bank of Venezuela.^[3] Merentes is a representative of Venezuela for the International Monetary Fund.

Sicad

The currency exchange system in Venezuela is known as the "Ancillary Foreign Currency Administration System" or Sicad.^[4]

Sitme

The Central Bank is able to issue bonds through the "SITME" market. In 2012, it was reported that $44 million worth of bonds were purchased through SITME in a single day for Petroleos de Venezuela SA.^[5]

Presidents of the Central Bank of Venezuela

President	from	until
Jesús Herrera Mendoza	1940	1948
Carlos Mendoza Goiticoa	1948	1953
Aurelio Arreaza Arreaza	1953	1958
Alfonso Espinosa	1958	1960
Alfredo Machado Gómez	1961	1968
Benito Raúl Losada	1968	1971
Alfredo Lafée	1971	1976
Benito Raúl Losada	1976	1979
Carlos Rafael Silva	1979	1981
Leopoldo Díaz Bruzual	1981	1984
Benito Raúl Losada	1984	1986
Hernán Anzola	1986	1987
Mauricio García Araujo	1987	1989
Pedro R. Tinoco, hijo	1989	1992
Miguel Rodríguez Fandeo	1992
Ruth de Krivoy	1992	1994
Antonio Casas González	1994	1999
Diego Luis Castellanos	2000	2005
Gastón Parra Luzardo	2005	2009
Nelson Merentes Díaz	2009	2013
Edmée Betancourt	2013
Eudomar Tovar	2013	2014
Nelson Merentes Díaz	2014	In office

References

↑ http://maps.google.com/maps?hl=en&q=central+bank+of+venezuela&bav=on.2,or.r_gc.r_pw.r_qf.&bpcl=38897761&biw=1024&bih=637&um=1&ie=UTF-8&sa=N&tab=wl
↑ "Oficializan designación de Nelson Merentes como presidente del Banco Central de Venezuela". El Nacional (Caracas). 22 January 2014. Retrieved 11 February 2015.
↑ http://espanol.upi.com/Economia/2012/11/22/Banco-Central-venezolano-dice-que-no-habr%C3%A1-devaluaci%C3%B3n-por-ahora/UPI-11701353615254/
↑ "UPDATE 1-Venezuelan central bank sells $215 mln at currency auction". Reuters. 17 July 2013.
↑ Cancel, Daniel (23 August 2012). "Venezuela Sells Record $44 Million PDVSA 2035 Bonds in Sitme". Bloomberg.

External links

Official site: Banco Central de Venezuela

Central banks

Global

Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board

By continent

Africa	Bank of Central African States Central Bank of West African States Bank of Algeria National Bank of Angola Bank of Botswana Bank of the Republic of Burundi Bank of Cape Verde Central Bank of the Comoros Central Bank of the Congo Central Bank of Djibouti Central Bank of Egypt Bank of Eritrea National Bank of Ethiopia Central Bank of The Gambia Bank of Ghana Central Bank of the Republic of Guinea Central Bank of Kenya Central Bank of Lesotho Central Bank of Liberia Central Bank of Libya Central Bank of Madagascar Reserve Bank of Malawi Central Bank of Mauritania Bank of Mauritius Bank Al-Maghrib (Morocco) Bank of Mozambique Bank of Namibia Central Bank of Nigeria National Bank of Rwanda Central Bank of São Tomé and Príncipe Central Bank of Seychelles Bank of Sierra Leone Central Bank of Somalia Bank of Somaliland South African Reserve Bank Bank of South Sudan Central Bank of Sudan Central Bank of Swaziland Bank of Tanzania Central Bank of Tunisia Bank of Uganda Bank of Zambia Reserve Bank of Zimbabwe

Americas	Central Bank of Argentina Central Bank of Aruba Central Bank of The Bahamas Central Bank of Barbados Bermuda Monetary Authority Central Bank of Brazil Bank of Canada Central Bank of Chile Bank of the Republic (Colombia) Central Bank of Cuba Central Bank of Curaçao and Sint Maarten Eastern Caribbean Central Bank Cayman Islands Monetary Authority Central Bank of Ecuador Bank of Guatemala Bank of the Republic of Haiti Central Bank of Honduras Bank of Jamaica Bank of Mexico Central Bank of Nicaragua Central Reserve Bank of Peru Central Bank of Suriname Central Bank of Trinidad and Tobago Federal Reserve System (United States) Central Bank of Uruguay Central Bank of Venezuela

Asia	Da Afghanistan Bank Central Bank of Bahrain Bangladesh Bank Royal Monetary Authority of Bhutan Brunei Currency and Monetary Board Autoriti Monetari Brunei Darussalam National Bank of Cambodia People's Bank of China Hong Kong Monetary Authority Reserve Bank of India Bank Indonesia Central Bank of the Islamic Republic of Iran Central Bank of Iraq Bank of Israel Bank of Japan Central Bank of Jordan National Bank of Kazakhstan National Bank of the Kyrgyz Republic Bank of Korea Central Bank of the Democratic People's Republic of Korea Central Bank of Kuwait Banque du Liban Monetary Authority of Macao Bank Negara Malaysia Maldives Monetary Authority Bank of Mongolia Central Bank of Myanmar Nepal Rastra Bank Central Bank of Oman State Bank of Pakistan Palestine Monetary Authority Bangko Sentral ng Pilipinas Qatar Central Bank Saudi Arabian Monetary Agency Monetary Authority of Singapore Central Bank of Sri Lanka Central Bank of Syria Central Bank of the Republic of China (Taiwan) Bank of Thailand Central Bank of Turkmenistan Central Bank of the United Arab Emirates Central Bank of Uzbekistan State Bank of Vietnam Central Bank of Yemen

Europe	European Central Bank (Eurosystem) National Bank of the Republic of Abkhazia Bank of Albania Central Bank of Armenia National Bank of Austria Central Bank of Azerbaijan National Bank of the Republic of Belarus National Bank of Belgium Central Bank of Bosnia and Herzegovina Bulgarian National Bank Croatian National Bank Central Bank of Cyprus Czech National Bank Danmarks Nationalbank (Denmark) Deutsche Bundesbank (Germany) Bank of England Bank of Estonia Bank of Finland Banque de France National Bank of Georgia Bank of Greece Hungarian National Bank Central Bank of Iceland Central Bank of Ireland Banca d'Italia Central Bank of Kosovo Bank of Latvia Bank of Lithuania Central Bank of Luxembourg National Bank of the Republic of Macedonia Central Bank of Malta National Bank of Moldova Central Bank of Montenegro De Nederlandsche Bank Norges Bank Central Bank of the Turkish Republic of Northern Cyprus National Bank of Poland Banco de Portugal National Bank of Romania Central Bank of Russia National Bank of Serbia National Bank of Slovakia Bank of Slovenia Gosbank (Soviet Union) Bank of Spain Swedish National Bank Swiss National Bank Central Bank of the Republic of Turkey National Bank of Ukraine

Oceania	Reserve Bank of Australia Reserve Bank of Fiji Reserve Bank of New Zealand Bank of Papua New Guinea Central Bank of Samoa Central Bank of Solomon Islands National Reserve Bank of Tonga

Policies and implementation

Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel 4

Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund

Bretton Woods system

International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency

Lists

List of central banks Central banks and currencies of Africa Central banks and currencies of the Caribbean Central banks and currencies of Central America and South America

Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

Venezuelan currency

Topics	Venezuelan bolívar Banco Central de Venezuela Venezuelan Mint

Coins	Bs0.01 Bs0.05 Bs0.10 Bs0.125 Bs0.25 Bs0.50 Bs1 Venezuelan venezolano coins

Banknotes	Bs2 Bs5 Bs10 Bs20 Bs50 Bs100 Venezuelan venezolano notes

Former Currencies	Venezuelan venezolano

Withdrawn Coins	Bs10 Bs20 Bs50 Bs100 Bs500 Bs1,000

Withdrawn Banknotes	Bs500 Bs1,000 Bs2,000 Bs5,000 Bs10,000 Bs20,000 Bs50,000

Coordinates: 10°30′36″N 66°54′55″W / 10.5100°N 66.9152°W / 10.5100; -66.9152

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