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Central Bank of Venezuela (BCV)
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Central Bank of Venezuela (BCV)

by Aisha MeyerMay 12, 2017
Overview
Abbreviation

BCV

Founded

September 1939

Headquarters

Caracas, Venezuela

Website

http://www.bcv.org.ve/

Central Bank of Venezuela (BCV)

The Central Bank of Venezuela (BCV) or Banco Central de Venezuela 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.[3] Merentes is a representative of Venezuela for the International Monetary Fund.

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About The Community Member
Aisha Meyer
A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state's legal tender.

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