Abbreviation BCV Website www.bcv.org.ve | Headquarters Caracas | |
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Formation 8 September 1939; 77 years ago (1939-09-08) Type Governmental organization Founded 8 September 1939, Venezuela | ||
The Central Bank of Venezuela (Spanish: 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. Merentes is a representative of Venezuela for the International Monetary Fund.
Contents
Venezuela central bank issues larger denomination notes
Sicad
The currency exchange system in Venezuela is known as the "Ancillary Foreign Currency Administration System" or Sicad.
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.
References
Central Bank of Venezuela Wikipedia(Text) CC BY-SA