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The Bank of Guatemala was created in 1945, as an autonomous entity responsible for all of the functions that correspond to a central bank, and in order to establish the monetary conditions that would be able to favor the methodical development of the national economy –both in a local and international scope- preventing the inflationary and speculative tendencies. The most important legal instruments that rule the Bank of Guatemala are: its Organic Law, the Monetary Law, and the Bank Law.
Chairman: Lic. Edgar Baltazar Barquin Duran