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Central Bank of Venezuela

Central Bank of Venezuela
Abbreviation BCV
Formation 8 September 1939 (1939-09-08)
Type GO
Headquarters Caracas
  • Avenida Urdaneta, Caracas 1010, Venezuela[1]
Key people Eudomar Tovar

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 1
  • Sitme 2
  • See also 3
  • References 4
  • External links 5


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


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]

See also


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  2. ^
  3. ^
  4. ^

External links

  • Banco Central de VenezuelaOfficial site:

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