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Central Bank of Venezuela

Central Bank of Venezuela
Banco Central de Venezuela logo.svg
Abbreviation BCV
Formation 8 September 1939; 78 years ago (1939-09-08)
Type Governmental organization
Headquarters Caracas, Venezuela
Location
  • Avenida Urdaneta, Caracas 1010, Venezuela
Key people
Nelson Merentes Díaz
Website 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. Merentes is a representative of Venezuela for the International Monetary Fund.

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

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.

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


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