Central Bank of Venezuela
|Central Bank of Venezuela|
|Formation||September 8, 1939|
|Location||Avenida Urdaneta, Caracas 1010, Venezuela1|
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.
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.3
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