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Banco Central de Chile

Company Detail

Description

Chile's autonomous regulator Banco Central de Chile was created by decree law No.486 of August 1925. The bank's roles and responsibilities include issuing banknotes and coins, regulating the amount of money and credit in circulation, and the financial system and capital market. As part of its lender of last resort function, it extends credit to banks and other financial institutions for a maximum term of 90 days. The Central Bank, upon the request of the finance minister, may act as fiscal agent when securing external and domestic credits or undertaking operations in line with the institution's objectives. The bank is responsible for publishing national macroeconomic statistics, including monetary statistics, exchange rates, and balance of payment and national account indicators.

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