Banco Central del Paraguay
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The Banco Central del Paraguay (Central Bank of Paraguay) is Paraguay's highest monetary authority in, and the country's governing body in, finances and economics. Its headquarters are in Asunción.
The bank manages the printing and minting of the Paraguayan currency, the guaraní.
In 1998, the Bank ordered the liquidation of one of the country's banks due to a severe lack of liquidity. The government sent emergency legislation to Congress to try to guarantee bank deposits and prevent a run on savings. [1]
In 2005, former Paraguayan president, Luis Gonzales Macchi and four bank officials were jailed following their involvement in the illegal transfer of $16m of funds through the bank to the United States. [2]
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[edit] External links
- (Spanish) Central Bank of Paraguay
