Board of Directors

The Board of Directors of the Central Bank of Uruguay is composed of three members appointed in accordance with article 187 of the Constitution of the Republic.  The Directors are selected based on their personal and professional background and expertise to ensure independence of criteria, efficiency, objectivity and impartiality in their performance.

Alberto Graña - Governor​

Alberto Graña
Alberto Graña is an economist, graduated at the University of Lund, Sweden. He is a Professor of Macroeconomics and Public Finances at the School of Economics of the Universidad de la República in Montevideo.
He was appointed as Governor of the Central Bank of Uruguay from January 2014 to April 2015 and from November 2018 up to date.
Since 2006 he hold the position of manager of the Economic Policy and Markets Division at the Central Bank of Uruguay. This division is responsible for the design and implementation of monetary policy, the management of the assets and liabilities of the Central Bank and the regulation and supervision of the payments systems.​

Jorge Gamarra – Vice President 

Jorge Gamarra PhD in Law and Social Sciences.  Graduated in 1981 from the School of Law and Social Sciences (Facultad de Derecho y Ciencias Sociales) of the University of the Republic of Uruguay (Universidad de la Republica Oriental del Uruguay). He practiced law independently until 1984 when he started working as a lawyer at the Pan de Azucar Bank (Banco Pan de Azucar) as Chief of the Legal Section until 1988, and then the Bank of Credit (Banco de Credito) in the same position.  In 2006, he began working at the Legal Office of the Bank of the Republic (Banco de la Republica Oriental del Uruguay).  In November of 2008, he was appointed Director of the Central Bank of Uruguay (Banco Central del Uruguay).  He has been Vice President of the Bank since 2010.

Mr. Gamarra taught classes on Law of Obligations and Civil Liabilities at the University of Montevideo between 1999 to 2009.  He has published various magazine articles focusing on private law.

Washington Ribeiro - Director

Washington Ribeiro In 1999 he obtained his degree in Economics from the School of Economics (Facultad de Ciencias Económicas), of the University of the Republic (Universidad de la República).
He has worked as an independent consultant authoring reports on national and international economic issues, as well as elaborating and evaluating investment projects.  He was a member of the Council of the Foundation for Democracy Wilson Ferreira Aldunate (Consejo de la Fundación para la Democracia Wilson Ferreira Aldunate) acting as Secretary until March 2010.  He was appointed for the first time Director of the Central Bank of Uruguay on June 28, 2010.