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Central Reserve Bank of Peru

 

Central Reserve Bank of Peru Logo

The Central Reserve Bank of Peru (Spanish: Banco Central de Reserva del Perú, BCRP) is the central bank of Republic of Peru. Its branch in Arequipa was established in 1871.

 
 

The Constitution states that the purpose of the Central Reserve Bank is to preserve monetary stability. Mission of the Central Reserve Bank of Peru is to achieve price and financial stability to contribute towards national economic growth and Development. The Bank shall uphold core values that are an integral part of its vision, mission and corporate culture. In order to fulfill its mission, the BCRP must enjoy autonomy. It is essential to ensure that the Central Bank decisions be oriented towards compliance with its constitutional mandate of preserving monetary stability.

The BCRP Organic Law states that the Central Bank is an autonomous public institution, and stipulates that members of the Board of Directors can only be removed due to serious wrongdoing, criminal offense, or should they:


 
• Finance the Public Treasury, except in the case of purchases of Public Treasury securities in the secondary market up to a limit of five percent of the previous year’s monetary base;
 • Finance public development financial institutions;
 • Allocate resources to establish special funds aimed at financing or promoting non-financial economic activities;
 • Issue securities, bonds, or contribution certificates of mandatory acquisition;
 • Impose sector or regional coefficients on the loan portfolios of financial institutions;
 • Establish multiple exchange rate regimes or discriminatory treatments in foreign exchange regulations;
 • Issue guarantees, bid or performance bonds, or any other kind of guarantees; use any other form of indirect financing; or provide any form of insurance.

In achieving the functions as mentioned above, the Central Reserve Bank 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 Reserve Bank of Peru HQ Location Map

Central Reserve Bank of Peru
HQ Address: Jr. Antonio Miroquesada
441-445
Lima District 1
Perú
Tel: +511 613 2000
Swift Code: CRPEPEPL
Website: www.bcrp.gob.pe
Email: webmaster@bcrp.gob.pe
Currency: Nuevo Sol
Banking Hours:
Monday - Friday : 9.00am - 6.00pm
 

 

The Board of Directors is the highest authority of the Central Bank. As such, the Board is not only responsible for determining the policies required to fulfill the Bank’s mission, but also for its general activities. The Board is integrated by seven members. The Executive and the Legislative Branches each appoint three members to the Board. The Chairman is designated by the Executive and ratified by the Permanent Commission of the Congress.
 
 

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