Thursday, 27 July 2023 03:15

BCR is awarded as the best Central Bank of Central America 2023

Written by Evelyn Alas

The Banco Central de Reserva of El Salvador has been awarded as the best Central Bank of Central America 2023 by Capital Finance International (CFI), a magazine specialized in economics, finance and business, based in London, England.

This is a recognition of the fundamental role that the institution plays in the economy and financial system of El Salvador, as well as the financial inclusion approach promoted by the Central Government to contribute to the economic growth and social development of El Salvador, contained in the National Policy of Financial Inclusion.

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To comply with this approach, the Banco Central de Reserva has implemented a process of modernization and innovation in all the services it offers to the salvadoran population, highlighting the Transfer365 interbank transfer system, with which you can send and receive money within the country for free, and throughout Central America and the Dominican Republic, 24 hours a day, 365 days a year.

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The CFI also praised the innovations aimed at facilitating foreign trade, reflected in the increase in the number of services and the reduction of authorization times for operations at the Centro de Trámites de Importación y Exportación (CIEX El Salvador).

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Other outstanding achievements of the Banco Central de Reserva are related to the expansion of the supply of basic and macroeconomic statistics, generated under international standards, which place El Salvador at a higher stage in the national statistical development, as well as the services of financial agent of the State and the role of regulator to issue the necessary regulations for the optimal functioning of the financial system of El Salvador.

 

Translated by: A.M