The Foundation Process of the Central Bank of Uruguay
The charter of the Bank of the Oriental Republic of Uruguay (Banco de la República Oriental del Uruguay or BROU in Spanish) was approved in Act No.2.480 on August 4, 1896 establishing it as a legal entity that was highly decentralized. This bank, constituted formally on August 24, 1896, included in its activities functions common to central banks.
Act No. 9.496 passed on August 14, 1935 brought about an important modification to the BROU´s legal framework. For the first time, there were signs of what would become the basis for the Central Bank of Uruguay, since it separated the Issuance Department from other banking services and granted it the authority to issue money and to perform other functions inherent to central banks (e.g. the analysis of all issues related to monetary policy, formulating objectives and management, oversight and audit of the provisions referring to the regulatory regime of private, national and foreign banks).
Monetary Policy
One of the main targets of the Central Bank is price stability, in order to preserve currency value, that is, the purchasing power of the Uruguayan peso
Financial System
One of the fundamental purposes of the CBU is to ensure stability, solvency and proper functioning of the institutions of the financial system.
Payment System
The Central Bank of Uruguay (CBU) is actively supporting improvements being made in the Uruguayan payment system.
Statistics and Studies
One of the Central Bank of Uruguay´s (CBU) strategic objectives is to generate and disseminate economic and financial information and data.
Guillermo Tolosa
Governor
Guillermo Tolosa - Governor
Ph.D. in Economics from the University of California, Los Angeles (UCLA), and a Bachelor's degree in Economics from the University of the Republic. He brings extensive international experience, having served as an official at the International Monetary Fund (IMF), where he worked across multiple countries and led missions in Eastern Europe.
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Ana Claudia de los Heros
Vice president
Ana Claudia de los Heros - Vice president
Public servant at the BCU since 1999. She served as the manager of the Payments System and as the head of Supply, Models, and Forecasts in the Economic Statistics Department. Between 1985 and 1999, she worked at Banco República.
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Julio Luis Sanguinetti
Director
Julio Luis Sanguinetti - Director
Doctor of Law and Social Sciences from the University of the Republic. He holds a Master of Laws (LL.M.) from Georgetown University in Washington, D.C., United States.
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Since it was founded in 1967, the Central Bank of Uruguay (CBU) is the only institution responsible for issuing banknotes and minting coins nationwide.
It is also responsible for managing the circulation of currency, fostering the proper handling and preservation of currency on the part of the population, and when necessary, responsible for withdrawing banknotes from circulation.
The CBU includes special security features to help identify genuine banknotes.
In this section, you can view images of all the bills and coins currently in circulation, a description of their history, symbols and characters that appear on the currency, as well as a description of the security features used.