The Central Bank of Venezuela (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.[1] 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.[2]
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.[3]
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 |
See also[]
- Payment system
- Real-time gross settlement
References[]
- ↑ http://espanol.upi.com/Economia/2012/11/22/Banco-Central-venezolano-dice-que-no-habr%C3%A1-devaluaci%C3%B3n-por-ahora/UPI-11701353615254/
- ↑ http://mobile.reuters.com/article/idUSL1N0FN2DL20130717?irpc=932
- ↑ http://www.bloomberg.com/news/2012-08-23/venezuela-sells-record-44-million-pdvsa-2035-bonds-in-sitme-1-.html