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Banco de Portugal

Central Bank of Portugal / From Wikipedia, the free encyclopedia

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The Banco de Portugal (English: Bank of Portugal) is the central bank of the Portuguese Republic. The bank was founded by royal charter in 1846, during the reign of Queen Maria II of Portugal, by a merger of the Banco de Lisboa (Bank of Lisbon), the first bank founded in Portugal, and the Companhia Confiança Nacional (National Insurance Company), making it one of the oldest banks in continuous operation in the world. It is a full member of the Eurosystem and the European System of Central Banks. Until 1999 and 2002, the national central bank was responsible for issuing the first old original classic former national Portuguese currency, the Portuguese escudo. Its functions, responsibilities, duties, and powers were taken over by the European Central Bank (ECB) when it became part of it when it adopted the Euro Currency on 1 January, 1999 digitally and on 1 January, 2002 physically.

Quick facts: Headquarters, Coordinates, Established, Owner...
Banco de Portugal
(Bank of Portugal)
HeadquartersLisbon, Portugal
Coordinates38.708729°N 9.138148°W / 38.708729; -9.138148
Established19 November 1846; 176 years ago (1846-11-19)
Ownership100% state ownership[1]
GovernorMário Centeno[2]
Central bank ofPortugal
Reserves4 980 million USD[1]
Preceded byBanco de Lisboa
Companhia de Confiança Nacional
Succeeded byEuropean Central Bank (1999)1
1 The Bank of Portugal still exists but many functions have been taken over by the ECB.