Central Reserve Bank of Peru
Banco Central de Reserva del Perú

Logo of the BCRP

Central Reserve Bank Building
HeadquartersJr. Santa Rosa de Lima, 441-445
15001 Lima
Coordinates12°02′53″S 77°01′49″W / 12.048162°S 77.030141°W / -12.048162; -77.030141
EstablishedMarch 9, 1922 (99 years ago) (1922-03-09)[1]
Ownership100% state ownership[2]
PresidentJulio Velarde Flores
Central bank of Peru
CurrencyPeruvian sol
PEN (ISO 4217)
Reserves59 400 million USD[2]
Bank rate7.17%
Interest rate target2.75%
Websitewww.bcrp.gob.pe

The Central Reserve Bank of Peru (Spanish: Banco Central de Reserva del Perú; BCRP) is the Peruvian central bank. It mints and issues metal and paper money, the sol.

Its branch in Arequipa was established in 1871,[citation needed] and it served the city by issuing money as well as maintaining a good reputation for savings accounts in Southern Peru. It is the equivalent of the Federal Reserve of the United States or the European Central Bank in Europe.

The Constitution states that the purpose of the Central Reserve Bank is to preserve monetary stability. The Central Reserve Bank's target annual inflation is 2.0 percent, with a tolerance of one percentage point upward and downward; its policies are aimed at achieving that goal.

The Constitution also assigns the following functions to the Central Reserve Bank: regulating currency and credit of the financial system, administering the international reserves in its care, issuing banknotes and coins, reporting regularly to the country on national finances, and managing the profitability of funds.

Presidents

First president, Eulogio Romero Salcedo
First president, Eulogio Romero Salcedo
Current president, Julio Velarde Flores
Current president, Julio Velarde Flores

Source:[3]

See also

References

  1. ^ "Central Reserve Bank of Peru". Retrieved 2 September 2012.
  2. ^ a b https://d-nb.info/1138787981/34
  3. ^ Historial de autoridades del Banco Central de Reserva del Perú desde 1922 Banco Central de Reserva del Perú