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Central Bank of Uruguay

 

Central Bank of Uruguay Logo

The Central Bank of Uruguay (BCU) (Spanish: Banco Central del Uruguay) is the central bank of Uruguay. The BCU is established on 1967 and technically autonomy, administrative and financial terms of the Constitution and Charter.

 
 

Its main goals are price stability and the regulation and supervision of the Financial and Payment System. To comply fully with these purposes, applies the necessary monetary instruments, and regulates and supervises the execution of rules pertaining to the financial system. On the other hand is responsible for issuing exclusive of notes and minting of coins throughout Uruguay. Besides, it also acts as economic advisor, banker and financial agent of the Government and manages state reserves.

One of the fundamental purposes of the BCU is price stability, which involves creating the conditions for inflation to remain within the target range set by the Government.  To achieve this, BCU must preserve the value of the currency, which is measured by the purchasing power of the Uruguayan peso.


According to the 7th article of the BCUs Charter, its responsibilities are;

  •  Issuer of money notes and coins, as well as their withdrawal throughout the republic;
  •  Manage monetary, credit and currency exchanging as set out by law;
  •  Act as economic advisor, banker and financial agent of the Government;
  •  Administer the international reserves of the State;
  •  Be the banker of all government institutions;
  •  Represent the Uruguay government at international financial organisations; and
  •  Regulate and supervise all financial institutions.

In achieving the responsibilities above, BCU are commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff.

Central Bank of Uruguay HQ Location Map

Central Bank of Uruguay
HQ Address: Diagonal Fabini 777 Montevideo
CP 11100 Uruguay
Tel: +598 2 1967
Fax: +598 2 1967
Website: www.bcu.gub.uy
Email: N/A
Currency: Peso
Banking Hours:
Monday - Friday : 10.00am - 4.00pm
 

 

Like all other central banks in the world, Central Bank of Uruguay must be well managed and pursue a goal-oriented approach, as consistent as possible with international best practice. The Central Bank also responsible in determined the Base Interest Rate in Uruguay.
 

List of banks governed by the Central Bank of Uruguay
» ABN AMRO » Bano Itaú » Crédit Uruguay
» Banco Bandes Uruguay S.A. » BBVA Banco » Deutsche Bank
» Banco Central del Uruguay » BROU » Discount Bank Latin America
» Banco de Seguros del Estado » Citibank » Lloyds TSB
» Banco Hipotecario del Uruguay » Coutts (Uruguay) S.A » Nuevo Banco Comercial
» Banco Santander » Credit Suisse » UBS (Uruguay) Ltd
» Banco Surinvest » HSBC Bank (Uruguay) S.A

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