Central Bank of Chile

Brief History

Founded on 21 August 1925 under Law Decree N°. 486, 1925. Began operations on 11 January 1926. Now operates under Constitutional Organic Law of the Central Bank of Chile, Article One Law N°. 18,840, October 1989. A new statute, guaranteeing independence of the central bank, came into effect in December 1989. It has the sole right of note and coin issue.


Mario Marcel Cullell
Terms of appointment: 5 years; first term began in December 2016; appointed by the President and

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