Category: Banks. Country: Peru.
Nature, Purpose, Capital and Domicile: Article 1.- The Central Reserve Bank of Peru is a legal entity governed by public law, with autonomy within the framework of this Law. It has its own capital and an indefinite term. The Central Reserve Bank of Peru is in this Law referred to as 'the Bank'. Article 2.- The purpose of the Bank is to preserve monetary stability. Its functions are to regulate the money supply, administer the international reserves, issue notes and coins and report on the nation's finances. Article 3.- In exercising its autonomy and in observance of its purpose and functions, the Bank is exclusively governed by this Law and its Bylaws. Article 4.- The provisions issued by the Bank in the exercise of its functions shall have binding force for all financial system entities and, in what may correspond, for the rest of individuals and corporations. The provisions of general application issued by the Bank in compliance with this Law are named Circulars, and shall be published in the official newspaper. Article 5.- The authorized capital of the Bank shall be S/. 100'000'000 (A Hundred Million New Soles) subscribed and paid up by the Government. No shares shall be issued and the amount of capital shall be registered only in the Capital Account. The Bank's capital can be modified by Supreme Decree endorsed by the Minister of Economy and Finance. The branches that may be established shall not require a capital of their own. Article 6.- The Bank must constitute the reserves established by this Law. Article 7.- The Bank has its legal seat in Lima, where the head office is located. It may establish branches, agencies and offices in other places within the country as may be required.
Address: Miroquesada 441 Lima, Phone: 511 427 6250
