Central Bank of Venezuela

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Central Bank of Venezuela
Abbreviation BCV
Formation 8 September 1939; 75 years ago (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.

Sicad[edit]

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

Sitme[edit]

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]

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Coordinates: 10°30′36″N 66°54′55″W / 10.5100°N 66.9152°W / 10.5100; -66.9152