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Central Reserve Bank of El Salvador

Monetary Authority of El Salvador

Field	Value
bank_name_in_local	Banco Central de Reserva de El Salvador
logo	Logo Central Reserve Bank of El Salvador.svg
image_2	File:Central Reserve Bank of El Salvador.jpg
ownership	100% state ownership
reserves	US$3.57 billion (2017)
president	Douglas Rodríguez Fuentes
headquarters	San Salvador
bank_of	El Salvador
currency	none1
established
website
footnotes	1Since 2001, with the dollarization of the Salvadoran economy, the Central Reserve Bank of El Salvador no longer has an independent monetary policy.

Façade of the Central Reserve Bank of El Salvador

The Central Reserve Bank of El Salvador () is the central bank of El Salvador, which controls the currency rate and regulates certain economic activities within El Salvador. The bank was originally privately owned, but was brought under state control through The Law on the Reorganization of Central Banking.

It was in charge of issuing Salvadoran colón coins and banknotes until the Monetary Integration Law of 2000 started the process of dollarizing the Salvadoran economy. In 2001, it stopped issuing new colón currency and no longer maintains a monetary policy of its own.

The bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. In 2013, the bank made a joint Maya Declaration Commitment with the Superintendencia del Sistema Financiero of El Salvador to carry out a series of concrete and measurable actions.

Presidents

Luis Alfaro Durán, 1934–1954
Carlos J. Canessa, 1954–1961
Manuel López Harrison, 1961
Francisco Aquino, 1961–1966
Guillermo Hidalgo Qüehl, 1966–1967
Abelardo Torres, 1967
Alfonso Moisés Beatriz, 1967–1971
Edgardo Suárez Contreras, 1971–1975
Guillermo Hidalgo Qüehl, 1975–1977
Víctor Hugo Hurtarte, 1978–1979
Pedro Abelardo Delgado, 1980–1981
Alberto Benítez Bonilla, 1981–1987
Maurice Choussy Rusconi, 1987–1988
Mauricio Antonio Gallardo, 1988–1989
Roberto Orellana Milla, 1989–1998
Gino Rolando Bettaglio, 1998–1999
Rafael Barraza, 1999–2002
Luz María de Portillo, 2002–2009
Carlos Gerardo Acevedo, 2009–2013
Marta Evelyn de Rivera, 2013–2014
Oscar Cabrera Melgar, 2014–2019
Carlos Federico Paredes, 2019
Nicolás Alfredo Martínez, 2019–2020
Douglas Rodríguez Fuentes, 2020–

References

(2017). "The Organisation and Structure of Central Banks".
(19 October 2021). "El Salvador".
(2011-10-10). "AFI members". AFI Global.
"Maya Declaration: Commitment made by Banco Central de Reserva de El Salvador and the Superintendencia del Sistema Financiero | AFI Global | Bringing smart policies to life".
"Maya Declaration : The AFI network commitment to financial inclusion Joint Commitment made by the Banco Central de Reserva de El Salvador and the Superintendencia del Sistema Financiero".
(18 April 1993). "Central Banking Directory". Central Banking Publications.
(21 September 2021). "Banco Central de Reserva - Galeria Presidentes". Banco Central de Reserva.

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 banks-of-el-salvador san-salvador banks-established-in-1934 1934-establishments-in-el-salvador

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