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Central Bank of Venezuela

The Central Bank of Venezuela (Spanish: Banco Central de Venezuela, BCV) is the central bank of Venezuela. It is responsible for issuing and maintaining the value of the Venezuelan bol??var and is the governing agent of the Venezuelan Clearing House System (including an automated clearing house). History Foundation and currency management Since its inception in the late 1930s, the BCV was given a clear mandate to control the monetary policy of the nation, centralizing the operations of a handful of private banks that used to mint the Venezuelan currency, the bol??var. For almost 50 years the BCV managed to sustain a remarkable strong currency, with inflation rates hovering on the 2-3% mark during that period. 1980s oil glut However, since the oil glut of the 1980s and the...

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wikidata.org 0 views · 2024-12-26 22:49:24