Central Bank of Paraguay

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Central Bank of Paraguay
Banco Central del Paraguay
Logo Banco Central del Paraguay.jpg
HeadquartersAsunción
Coordinates25°16′41″S 57°34′34″W / 25.278°S 57.576°W / -25.278; -57.576
EstablishedMarch 25, 1952 (1952-March-25)
PresidentCarlos Gustavo Fernández Valdovinos
Central bank ofParaguay
CurrencyParaguayan guaraní
PYG (ISO 4217)
Websitewww.bcp.gov.py

The Central Bank of Paraguay (Spanish: Banco Central del Paraguay) is Paraguay's highest monetary authority, and the country's governing body, in finances and economics. Its headquarters are in Asunción. The institution was created by Law 18/52 of March 25, 1952. In 1995, the legal frame of the Central Bank was replaced by Law 489/95.

The bank manages the printing and minting of the Paraguayan currency, the guaraní.

The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion.[1] It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration[2] during the 2011 Global Policy Forum held in Mexico.

In 1998, the Bank ordered the liquidation of one of the country's banks due to a severe lack of liquidity. The government sent emergency legislation to Congress to try to guarantee bank deposits and prevent a run on savings.[3]

Banco Central del Paraguay headquarters

In 2005, former Paraguayan president, Luis Gonzales Macchi and four bank officials were jailed following their involvement in the illegal transfer of $16m of funds through the bank to the United States.[4]

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