View source for Bank of Guatemala

{{Short description|Central Bank of Guatemala}}
{{Infobox Central bank
| bank_name_in_local = Banco de Guatemala
| logo = Bank of Guatemala logo.png
| image = Autoridades de BANGUAT realizan reunión de transición 20231023 (cropped).jpg
| caption = Headquarters
| ownership = 100% [[state ownership]]<ref name="dnbinfo">{{cite web |last1=Weidner |first1=Jan |title=The Organisation and Structure of Central Banks |url=https://d-nb.info/1138787981/34 |website=Katalog der Deutschen Nationalbibliothek|year=2017|format=PDF}}</ref>
| headquarters = [[Guatemala City]], [[Guatemala Department|Guatemala]], Guatemala
| coordinates = 
| established = 1945
| president = [[Alvaro González Ricci]]
| leader_title = President of the Bank of Guatemala
| bank_of = [[Guatemala]]
| currency = [[Guatemalan quetzal]]
| currency_iso = GTQ
| reserves = 7 270 million USD<ref name="dnbinfo"/>
| borrowing_rate = 3.50%
| overnight_rate = 
| deposit_rate = 
| website = {{URL|http://www.banguat.gob.gt/}}
| succeeded = 
| footnotes = 
| logo_size = 110px
| logo_caption = Seal of the Bank of Guatemala
}}

The '''Bank of Guatemala''' ({{langx|es|Banco de Guatemala}}) is the [[central bank]] of [[Guatemala]]. It was established in 1945.

Its headquarters is one of the most recognized [[Brutalist architecture|Brutalist]] themed architectural structures. Designed by architects José Montes Córdova and Raúl Minondo, the iconic bank stands within the heart of the city's civic center. In collaboration with Guatemalan artists Dagoberto Vásquez Castañeda and [[Roberto González Goyri]], the design highlights its Mayan heritage through the decorative East and West facing façades. Standing at 40 meters high, the concrete structure, in its materiality, reflects the Brutalist movement and its emphasis on a [[utilitarian design]] approach, but also slightly combats the movement due to the unique details of its façade. The beautiful design expresses an ornate subtlety which pays homage to the artistic importance Guatemalan culture has had on its urban landscape.

==Governance==
Alvaro González Ricci has been President of the bank since January 2022.

==Functions==
The Bank of Guatemala, determined by its Organic Law, has the following functions:

1: Be the sole issuer of the [[Guatemalan quetzal|national currency]];

2: Ensure that an adequate level of liquidity in the banking system is maintained, through the use of the instruments provided for in its Organic Law;

3: Ensure the proper functioning of the payment system;

4: Receive in deposit the bank reserves and legal deposits referred to in its Organic Law;

5: Manage international monetary reserves, in accordance with the guidelines issued by the Monetary Board; and

6: The other functions compatible with its nature as a Central Bank that are assigned to it by legal mandate.

==Former Presidents of the Bank of Guatemala ==

# Manuel Noriega Morales (1946–1954)
# Manuel Béndfeldt Jáuregui (1954)
# Gabriel Orellana Estrada (1954–1958)
# Gustavo Mirón Porras (1958–1960)
# Arturo Pérez Galliano (1960–1966)
# Francisco Fernández Rivas (1966–1970)
# Augusto Contreras Godoy (1970–1974)
# Manuel Méndez Escobar (1974–1978)
# Plinio Alfredo Grazioso Barrilas (1978–1982)
# Jorge González del Valle (1982)
# Armando González Campo (1983)
# Carlos Humberto Alpíre Pérez (1983–1984)
# Oscar Alvarez Marroquín (1984–1985)
# Jorge Luis Monzón Juárez (1985–1986)
# José Federico Linares Martínez (1986–1987)
# José Miguel Gaitán Ramírez (1987–1989)
# Lizardo Arturo Sosa López (1989–1990)
# Oscar Humberto Pineda Robles (1990–1991)
# José Federico Linares Martínez (1991–1993)
# Lizardo Arturo Sosa López (1993)
# Willy Waldemar Zapata Sagastume (1993–1997)
# Edin Homero Velázquez Escobedo (1997–2000)
# Lizardo Arturo Sosa Ramirez (2000–2006)
# María Antonieta Del Cid Navas de Bonilla (2006–2010)
# Edgar Baltazar Barquín Dúran (2010–2014)
# [[Julio Suárez|Julio Roberto Suárez Guerra]] (2014–2018)
# Sergio Francisco Recinos Rivera (2018–2022)
# Alvaro González Ricci (2022–''present'')

Source: Bank of Guatemala<ref name="banguat">{{cite web |title=Cronología de Autoridades del Banco de Guatemala: Presidentes, Vicepresidentes y Gerentes - Presidentes |url=http://www.banguat.gob.gt/inc/ver.asp?id=info/presidente&e=93211 |url-status=dead |archiveurl=https://web.archive.org/web/20111211111255/http://banguat.gob.gt/inc/ver.asp?id=info%2Fpresidente&e=93211 |archivedate=11 December 2011 |access-date=2 February 2016 |website=banguat.gob.gt}}</ref><ref>{{cite web | url=http://www.banguat.gob.gt/inc/ver.asp?id=info/presidente&e=134271 | title=Banco de Guatemala }}</ref>

==See also==
* [[Ministry of Public Finance]]
* [[Economy of Guatemala]]
* [[Guatemalan quetzal]]
* [[List of central banks]]

==References==
{{Reflist}}

==External links==
* {{in lang|es}}  [https://web.archive.org/web/20070217131537/http://www.banguat.gob.gt/ Official site of Banco de Guatemala]
* {{in lang|en}}  [http://www.banguat.gob.gt/en Official site of Banco de Guatemala]
* {{PM20|FID=co/072927|TEXT=Documents and clippings about|NAME=}}

{{Guatemala topics}}
{{Central banks}}
{{Authority control}}

[[Category:Central banks|Guatemala]]
[[Category:Economy of Guatemala]]
[[Category:Banks established in 1945]]
[[Category:1945 establishments in Guatemala]]