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The Central Reserve Bank of Peru ( es, Banco Central de Reserva del Perú; BCRP) is the
Peru , image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = National seal , national_motto = "Firm and Happy f ...
vian
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 ...
. It mints and issues metal and paper money, the sol. Its branch in Arequipa was established in 1871, and it served the city by issuing money as well as maintaining a good reputation for savings accounts in Southern
Peru , image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = National seal , national_motto = "Firm and Happy f ...
. It is the equivalent of the
Federal Reserve The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a ...
of the
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
or the
European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centr ...
in
Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...
. 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

*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 Manuel Carlos Prado y Ugarteche (April 21, 1889 – August 15, 1967) was a banker who served twice as President of Peru. Son of former president Mariano Ignacio Prado, he was born in Lima and served as the nation's 43rd (1939 - 1945) and 46th (1 ...
, 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:Historial de autoridades del Banco Central de Reserva del Perú desde 1922
''Banco Central de Reserva del Perú''


See also

*
Economy of Peru The economy of Peru is an Emerging economy, emerging, social market economy characterized by a high level of foreign trade and an upper middle income economy as classified by the World Bank. Peru has the forty-seventh largest economy in the wor ...
*
List of Jesuit sites This list includes past and present buildings, facilities and institutions associated with the Society of Jesus. In each country, sites are listed in chronological order of start of Jesuit association. Nearly all these sites have bee ...
*
Peruvian inti The inti was the currency of Peru between 1985 and 1991. Its ISO 4217 code was ''PEI'' and its abbreviation was ''I/.'' The inti was divided into 100 céntimos. The inti replaced the inflation-stricken sol. The new currency was named after Inti ...
*
Peruvian sol The sol (; plural: soles; currency sign: S/) is the currency of Peru; it is subdivided into 100 ''céntimos'' ("cents"). The ISO 4217 currency code is PEN. The sol replaced the Peruvian inti in 1991 and the name is a return to that of Peru's ...


References


External links

* Banks of Peru
Peru , image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = National seal , national_motto = "Firm and Happy f ...
Economy of Peru 1922 establishments in Peru Banks established in 1922 {{bank-stub