Chapter XIII. The Central Bank
Article 110
An autonomous organization of the State with its own patrimony, and of a technical character, named the Central Bank will exist; its composition, organization, functions, and attributes will be determined by an organic constitutional law
The candidates proposed to compose the Council of the Central Bank, prior to the respective vote, must formulate a presentation of their nomination to the respective position in a public special session before the Senate.
Article 111
The Central Bank may only engage in operations with financial institutions, be they public or private. In no way may the Central Bank grant them its guarantee, nor acquire documents emitted by the State, its organizations or businesses.
No public expense or loan may be financed with direct or indirect credits from the Central Bank.
In the case of an external war or the danger of external war, as certified by the National Security Council, the Central Bank may obtain, grant, or finance credits to the State and public or private entities.
The Central Bank may not adopt any agreement that signifies in a direct or indirect manner the establishment of norms, different requirements, or discriminatory requirements in relation to persons, institutions, or entities that realize operations within the same environment.
