Bank of Spain ( Spanish: Banco de España ) - the central bank of Spain . Founded in Madrid in 1782 by Carlos III , is currently a member of the European System of Central Banks (ESCB).
| Bank of Spain Banco de España | |
|---|---|
 | |
| Location |  Spain , Madrid ,st. Calle Alcalá, 48 |
| Coordinates | |
| Established | 1782 year |
| President (Chairman) | Pablo Hernandez de Cos |
| Currency | Euro |
| Web site | www.bde.es (Spanish) |
| Predecessor | Banco nacional de san Carlos |
Content
- 1 History
- 2 Management structure
- 3 See also
- 4 Literature
- 5 Links
History
The bank was founded under the name Banco Nacional de San Carlos , its first director was the French banker Francisco Cabarrus .
After a series of wars from 1793 to 1814 , the Bank borrowed more than 300 million reais from the government, and therefore the Spanish Government was in financial difficulties. Treasury Minister Luis Lopez Ballesteros in 1829 created a fund of 40 million reais to secure the Bank's obligations, the Bank was renamed Banco Espanol de San Fernando the same year.
In the 1850s, the Bank expanded its operations in the cities of Alicante and Valencia and changed its name to the Bank of Spain currently in use. Demanding financial support from the Bank during the civil and colonial wars, the Spanish government in 1874 granted the Bank of Spain a monopoly on the issuance of Spanish banknotes .
In 1946, after the end of the civil war , the government of General Francisco Franco established tight state control over the Bank. In 1962, the Bank was formally nationalized . After the restoration of democracy in the late 1970s , the Bank underwent a reform of its structure and functions.
In 1994, after Spain joined the European Monetary Union , the Bank of Spain became a member of the European System of Central Banks (ESCB).
Management Structure
Managment structure:
- Governor of the Bank ( Gobernador ), appointed by the King of Spain on the proposal of the Prime Minister of Spain ;
- Deputy Bank Manager ( Subgobernador ), appointed by the government at the proposal of the bank manager;
- Governing Council ( Consejo de Gobierno ), appointed by the government on the proposal of the Minister of Economy [ specify ] ;
- Executive Commission ( Comisión Ejecutiva ).
See also
- Spanish economy
- Euro
- Spanish peseta
Literature
- Miguel Martorell. Historia de la peseta: la Espana contemporanea a traves de su moneda. Editorial Planeta SA, ISBN 84-08-04087-1
- Pedro Navascues Palacio, Summa Artis. Historia general del arte, Arquitectura espanola (1808-1914), tomo XXXV. Editorial Espasa Calpe.