Surf Wiki
Save to docs
general/central-banks

From Surf Wiki (app.surf) — the open knowledge base

Bank of Guatemala

Monetary authority of Guatemala

Monetary authority of Guatemala

FieldValue
bank_name_in_localBanco de Guatemala
logoBank of Guatemala logo.png
imageAutoridades de BANGUAT realizan reunión de transición 20231023 (cropped).jpg
captionHeadquarters
ownership100% state ownership
headquartersGuatemala City, Guatemala, Guatemala
established1945
presidentAlvaro González Ricci
leader_titlePresident of the Bank of Guatemala
bank_ofGuatemala
currencyGuatemalan quetzal
currency_isoGTQ
reserves7 270 million USD
borrowing_rate3.50%
website
logo_size110px
logo_captionSeal of the Bank of Guatemala

The Bank of Guatemala () is the central bank of Guatemala. It was established in 1945.

Its headquarters is one of the most recognized Brutalist themed architectural structures. Designed by architects José Montes Córdova and Raúl Minondo, the iconic bank stands within the heart of the city's civic center. In collaboration with Guatemalan artists Dagoberto Vásquez Castañeda and Roberto González Goyri, the design highlights its Mayan heritage through the decorative East and West facing façades. Standing at 40 meters high, the concrete structure, in its materiality, reflects the Brutalist movement and its emphasis on a utilitarian design approach, but also slightly combats the movement due to the unique details of its façade. The beautiful design expresses an ornate subtlety which pays homage to the artistic importance Guatemalan culture has had on its urban landscape.

Governance

Alvaro González Ricci has been President of the bank since January 2022.

Functions

The Bank of Guatemala, determined by its Organic Law, has the following functions:

1: Be the sole issuer of the national currency;

2: Ensure that an adequate level of liquidity in the banking system is maintained, through the use of the instruments provided for in its Organic Law;

3: Ensure the proper functioning of the payment system;

4: Receive in deposit the bank reserves and legal deposits referred to in its Organic Law;

5: Manage international monetary reserves, in accordance with the guidelines issued by the Monetary Board; and

6: The other functions compatible with its nature as a Central Bank that are assigned to it by legal mandate.

Former Presidents of the Bank of Guatemala

  1. Manuel Noriega Morales (1946–1954)
  2. Manuel Béndfeldt Jáuregui (1954)
  3. Gabriel Orellana Estrada (1954–1958)
  4. Gustavo Mirón Porras (1958–1960)
  5. Arturo Pérez Galliano (1960–1966)
  6. Francisco Fernández Rivas (1966–1970)
  7. Augusto Contreras Godoy (1970–1974)
  8. Manuel Méndez Escobar (1974–1978)
  9. Plinio Alfredo Grazioso Barrilas (1978–1982)
  10. Jorge González del Valle (1982)
  11. Armando González Campo (1983)
  12. Carlos Humberto Alpíre Pérez (1983–1984)
  13. Oscar Alvarez Marroquín (1984–1985)
  14. Jorge Luis Monzón Juárez (1985–1986)
  15. José Federico Linares Martínez (1986–1987)
  16. José Miguel Gaitán Ramírez (1987–1989)
  17. Lizardo Arturo Sosa López (1989–1990)
  18. Oscar Humberto Pineda Robles (1990–1991)
  19. José Federico Linares Martínez (1991–1993)
  20. Lizardo Arturo Sosa López (1993)
  21. Willy Waldemar Zapata Sagastume (1993–1997)
  22. Edin Homero Velázquez Escobedo (1997–2000)
  23. Lizardo Arturo Sosa Ramirez (2000–2006)
  24. María Antonieta Del Cid Navas de Bonilla (2006–2010)
  25. Edgar Baltazar Barquín Dúran (2010–2014)
  26. Julio Roberto Suárez Guerra (2014–2018)
  27. Sergio Francisco Recinos Rivera (2018–2022)
  28. Alvaro González Ricci (2022–present)

Source: Bank of Guatemala

References

References

  1. (2017). "The Organisation and Structure of Central Banks".
  2. "Cronología de Autoridades del Banco de Guatemala: Presidentes, Vicepresidentes y Gerentes - Presidentes".
  3. "Banco de Guatemala".
Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

central-banks economy-of-guatemala banks-established-in-1945 1945-establishments-in-guatemala
Want to explore this topic further?

Ask Mako anything about Bank of Guatemala — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report