Headquarters | San Salvador |
---|---|
Established | 19 June 1934 |
Ownership | 100% state ownership [1] |
President | Douglas Rodríguez Fuentes |
Central bank of | El Salvador |
Currency | none |
Reserves | US$3.57 billion (2017) [2] |
Website | www |
The Central Reserve Bank of El Salvador (Spanish: Banco Central de El Salvador) is the central bank of El Salvador, which controls the currency rate and regulates certain economic activities within El Salvador. The bank was originally privately owned, but was brought under state control through The Law on the Reorganization of Central Banking.
The bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. [3] In 2013, the bank made a joint Maya Declaration Commitment [4] with the Superintendencia del Sistema Financiero of El Salvador to carry out a series of concrete and measurable actions. [5]
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The colón was the currency of El Salvador from 1892 until 2001, when it was replaced by the U.S. dollar during the presidency of Francisco Flores. The colón was subdivided into 100 centavos and its ISO 4217 code was SVC. The plural is "colones" in Spanish and the currency was named after Christopher Columbus, known as Cristóbal Colón in Spanish.
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Manuel Sánchez is a Mexican economist with a wide-ranging professional career that includes positions in academics, banking, and central banking. He was nominated by President Felipe Calderón Hinojosa on April 23, 2009, as Deputy Governor and member of the Board of Governors at Banco de México, Mexico's central bank, for a term that ends on December 31, 2016. His appointment was ratified by the Standing Commission of the Mexican Congress on May 27, 2009.
Banco Santander Argentina is a commercial bank and financial services company and affiliate of the Santander, Cantabria (Spain) based Santander Group. Based in Buenos Aires, its banking operations are the third largest in Argentina, as well as the largest among all privately owned banks in the country.
The Maya Declaration is a global initiative for responsible and sustainable financial inclusion issued by the Alliance for Financial Inclusion that aims to reduce poverty and ensure financial stability for the benefit of all. It is the first global and measurable set of financial inclusion commitments by developing and emerging economies.
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The Alliance for Financial Inclusion (AFI) is a policy leadership alliance owned and led by member central banks and financial regulatory in developing countries with the objective of advancing financial inclusion.
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Grupo Financiero Santander México, S.A.B. de C.V. is a Mexican banking group and a subsidiary of Spanish bank Banco Santander.
Mario Marcel Cullell is a Chilean economist who has been serving as Chile Minister of Finance since 11 March 2022. He previously served as Governor of the Central Bank of Chile. He was named Governor in December 2016 and member of the Bank's Board from October 2015. He has been a close collaborator to the governments of the centre-left Coalition of Parties for Democracy (1990–2010), and for six years held the position of Budget Director, where he played a key role in the design of the structural surplus rule.
Ibercaja Banco, S.A., stylised as iberCaja, is a Spanish financial services company based in Zaragoza. It was created by the Caja de Ahorros and Monte de Piedad of Zaragoza, Aragón and Rioja (Ibercaja) in 2011, to develop its financial activity, being initially the shareholder of 100% of the bank. After the acquisition of Caja3 by Ibercaja Banco, in the process of banking restructuring in Spain, 87.8% was owned by Ibercaja and 12.2% by the three Caja3 shareholders.
Lea Raquel Giménez Duarte is a Paraguayan economist and the former finance minister of Paraguay. She was the first woman to hold the position and the youngest person to ever hold the position of finance minister in Latin America.
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