History
The Central Bank of Uruguay was established on July 6, 1967 as an autonomous state entity (Spanish: Ente Autónomo), with the passing of the 196th article of the República Oriental del Uruguay's Constitution. Prior to the creation of the BCU, the issuing of currency and managing and supervising of the banking system was handled by the department of the Banco de la República Oriental del Uruguay.
On March 30, 1995 a bank charter was passed (Law 16696), which expanded the BCUs responsibilities and set out the management structure as well as the functions and responsibilities of the bank.
Read more about this topic: Central Bank Of Uruguay
Famous quotes containing the word history:
“No cause is left but the most ancient of all, the one, in fact, that from the beginning of our history has determined the very existence of politics, the cause of freedom versus tyranny.”
—Hannah Arendt (1906–1975)
“I believe my ardour for invention springs from his loins. I can’t say that the brassiere will ever take as great a place in history as the steamboat, but I did invent it.”
—Caresse Crosby (1892–1970)
“The only thing worse than a liar is a liar that’s also a hypocrite!
There are only two great currents in the history of mankind: the baseness which makes conservatives and the envy which makes revolutionaries.”
—Edmond De Goncourt (1822–1896)