The Central Bank of Paraguay ( es, Banco Central del Paraguay) is

Paraguay Paraguay (; ), officially the Republic of Paraguay ( es, República del Paraguay, links=no; gn, Tavakuairetã Paraguái, links=si), is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to th ...

's highest monetary authority, and the country's governing body, in finances and economics. Its headquarters are in

Asunción Asunción (, , , Guarani: Paraguay) is the capital and the largest city of Paraguay. The city stands on the eastern bank of the Paraguay River, almost at the confluence of this river with the Pilcomayo River. The Paraguay River and the Bay o ...

's Carmelitas neighbourhood. 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. The bank manages the printing and minting of the Paraguayan currency, the

guaraní Guarani, Guaraní or Guarany may refer to Ethnography * Guaraní people, an indigenous people from South America's interior (Brazil, Argentina, Paraguay and Bolivia) * Guaraní language, or Paraguayan Guarani, an official language of Paraguay * ...

. The Bank is active in promoting

financial inclusion Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and service ...

policy and is a leading member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration during the 2011

Global Policy Forum The Global Policy Forum (GPF) is an international non-governmental organization founded in December 1993 and based in New York and Bonn (Global Policy Forum Europe). � The aim of the Global Policy Forum is to critically accompany and analyze devel ...

held in

Mexico Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...

. In 1998, the Bank ordered the liquidation of one of the country's banks due to a severe lack of

liquidity Liquidity is a concept in economics involving the convertibility of assets and obligations. It can include: * Market liquidity, the ease with which an asset can be sold * Accounting liquidity, the ability to meet cash obligations when due * Liq ...

. The government sent emergency legislation to

Congress A congress is a formal meeting of the representatives of different countries, constituent states, organizations, trade unions, political parties, or other groups. The term originated in Late Middle English to denote an encounter (meeting of ...

to try to guarantee bank deposits and prevent a run on savings. Banco Central del Paraguay by Felipe Méndez

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.

Presidents of the Central Bank of Paraguay

The President is appointed for a term of five years. * Juan Ramón Chávez (1952) * Pedro Juan Mayor (1952), interim * Epifanio Méndez Fleitas (1952-1954) * Pedro Mayor (1954), interim * Osvaldo Chávez (1954) * Pedro Mayor (1955), interim * Epifanio Méndez Fleitas (1955) * Gustavo Storm (1955-1959) * César Romeo Acosta Martínez (1959-1989) * Crispiniano Sandoval Silva (1989-1991) * José Enrique Páez (1991-1993) * Jacinto Estigarribia (1993-1995) * Dionisio Coronel Benítez (1995), interim * Hermes Gómez Ginard (1995-1998) * Jorge Gulino Ferrari (1998-1999), interim * Samuel Washington Aswell (1999-2001) * Raúl Vera Bogado (2001-2002) * Juan Antonio Ortiz Vely (2002-2003) * Angel Gabriel González (2003-2005) * Mónica Pérez (2005-2007) * Venicio Sánchez Guerreros (2007), interim * Germán H. Rojas Irigoyen (2007-2008), interim * Jorge Corvalán (2008-2013) * Carlos Fernández Valdovinos (2013-2018) * José Cantero Sienra (2018-)

References

External links

*
Official site: Central Bank of Paraguay
Economy of Paraguay

Banks of Paraguay 1952 establishments in Paraguay Banks established in 1952 Paraguayan brands {{Paraguay-company-stub

Presidents of the Central Bank of Paraguay

See also

References

External links