Category: Banks. Country: Uruguay.
The Central Bank was created in 1967 by the 196th. article of the Republica Oriental del Uruguay's Constitution, and it has the legal nature of "Ente autonomo" (state autonomous entity). Later, on July 6 1967, the law 13594 established that the new institution will be called "Banco Central del Uruguay"(BCU). Before the creation of the BCU, the Issuing Department of the Banco de la Republica Oriental del Uruguay was the one in charge of issuing currency, managing the monetary regime and supervising and monitoring the banking system, as it was established by its Charter (Law 9808, January 2 1939). The BCU's Charter was enacted on March 30,1995 (Law 16696). Its government and management are in charge of a three members' Board of Directors, which is responsible for the policy and general administration of the Bank. The Superintendency of Financial Institutions and the Superintendency of Insurance and Reinsurance, within other areas, depend from the Board of Directors. According to the 7th. article of it Charter, the BCU's missions are: to have under its exclusive charge the issuing of money notes and the coining, as well as their withdrawal, all over the Republic territory, to apply the necessary monetary, currency exchanging and crediting instruments, for the fulfilness of the purposes determined by the law, to develop as economic advisor, banker and financial agent of the Government, to administrate the international reserves of the State, to be the banker of the financial institutions, - it may represent the Republic's government at the international financial institutions and it will execute the financial transactions related with the state's membership at these organizations. to make the rules and supervise its accomplishment by the public and private institutions operating in the financial system.
Address: Diagonal Fabini 777 - Montevideo, Phone: 00598 2 1967
