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Central Bank of Venezuela

Central Bank of Venezuela
Abbreviation BCV
Formation 8 September 1939 (1939-09-08)
Type GO
Headquarters Caracas
Location
  • Avenida Urdaneta, Caracas 1010, Venezuela[1]
Key people Eudomar Tovar
Website http://www.bcv.org.ve

The Central Bank of Venezuela (Spanish: Banco Central de Venezuela, BCV) is the central bank of Venezuela. It maintains a fixed exchange rate for the Venezuelan bolívar. Nelson Merentes is the President of the Central Bank of Venezuela.[2] Merentes is a representative of Venezuela for the International Monetary Fund.

Contents

  • Sicad 1
  • Sitme 2
  • See also 3
  • References 4
  • External links 5

Sicad

The currency exchange system in Venezuela is known as the "Ancillary Foreign Currency Administration System" or Sicad.[3]

Sitme

The Central Bank is able to issue bonds through the "SITME" market. In 2012, it was reported that $44 million worth of bonds were purchased through SITME in a single day for Petroleos de Venezuela SA.[4]

See also

References

  1. ^ http://maps.google.com/maps?hl=en&q=central+bank+of+venezuela&bav=on.2,or.r_gc.r_pw.r_qf.&bpcl=38897761&biw=1024&bih=637&um=1&ie=UTF-8&sa=N&tab=wl
  2. ^ http://espanol.upi.com/Economia/2012/11/22/Banco-Central-venezolano-dice-que-no-habr%C3%A1-devaluaci%C3%B3n-por-ahora/UPI-11701353615254/
  3. ^ http://mobile.reuters.com/article/idUSL1N0FN2DL20130717?irpc=932
  4. ^ http://www.bloomberg.com/news/2012-08-23/venezuela-sells-record-44-million-pdvsa-2035-bonds-in-sitme-1-.html

External links

  • Banco Central de VenezuelaOfficial site:

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