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Central Bank of Costa Rica

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Central Bank of Costa Rica
Banco Central de Costa Rica
The central building in 2023
The central building in 2023
HeadquartersSan José, Costa Rica
Coordinates9°56′07.61″N 84°05′08.03″W / 9.9354472°N 84.0855639°W / 9.9354472; -84.0855639
EstablishedJanuary 1950
Ownership100% state ownership[1]
GovernorRóger Madrigal
Central bank ofCosta Rica
CurrencyCosta Rican colón
CRC (ISO 4217)
ReservesUS$7.62 billion[1]
Websitewww.bccr.fi.cr

The Central Bank of Costa Rica (Spanish: Banco Central de Costa Rica) or Banco Central de Costa Rica, is the central bank and primary monetary authority of Costa Rica. Its functions include maintaining inflation, supporting the government to make economic decisions, and implement the policies enacted by the government. The Central Bank of Costa Rica also maintains a substantial collection of pre-Columbian artifacts including coins, and visual arts.

History

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Before the establishment of a central bank, an adjunct office attached to Banco Nacional de Costa Rica handled the monetary and mint responsibilities. In 1948, private banks were nationalized.[2] The Central Bank of Costa Rica was established in January 1950 taking over central banking functions previously shared by private commercial banks and the Banco Nacional de Costa Rica.[3] The bank became a centralized monetary authority to manage the national banking system.[2]

Functions

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The functions include maintaining inflation, supporting the government to make economic decisions, and implement the policies enacted by the government.[4] It provides banking services to the Government of Costa Rica and other financial institutions. It is the monetary authority tasked with the issuing of the domestic currency (the Costa Rican colón). It also regulates commercial banks and other financial entities, and manages inter bank clearing of funds.[5]

Museums

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The Central Bank maintains a collection of pre-Columbian artifacts including gold, coins, and national art and started establishing museums to exhibit them.[6] The museums managed by the bank, exhibit and preserve these collections.[7] The collections include more than 6500 objects exibhited in the Plaza de la Cultura in San José, which opened in 1982.[7][6]

Presidents

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Source:[8][9][10][11]

See also

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References

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  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ a b "History - Banco Central de Costa Rica". Banco Central de Costa Rica. Retrieved 17 June 2025.
  3. ^ "Central Bank of Costa Rica". Central Banking. Retrieved 17 June 2025.
  4. ^ "About BCCR - Banco Central de Costa Rica". Banco Central de Costa Rica. Retrieved 17 June 2025.
  5. ^ "Central Bank of Costa Rica". Mobilize.Net. Retrieved 17 June 2025.
  6. ^ a b "Central Bank of Costa Rica Museums". Costa Rica Bureau. Retrieved 17 June 2025.
  7. ^ a b "Acerca del Museo – Museos del Banco Central". Museos del Banco Central. Retrieved 17 June 2025.
  8. ^ "Volatilidad y Vulnerabilidad" (PDF). academiaca.or.cr (in Spanish). Retrieved 11 April 2024.
  9. ^ Emilio Gerardo Obando Cairol. "El Banco Central de Costa Rica, su historia y su gente Inversores institucionales". Scribd.
  10. ^ "Noticias - dedicatoria_III_bienal_investigacion_economica". BCCR.
  11. ^ Murchie, Anita Gregorio (August 25, 1981). "Imported Spices: A Study of Anglo-American Settlers in Costa Rica, 1821-1900". Ministry of Culture, Youth and Sports, Department of Publications – via Google Books.
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