Julio Velarde
Chairman of the Central Reserve Bank of Peru
Assumed office
September 7, 2006
PresidentAlan García
Ollanta Humala
Pedro Pablo Kuczynski
Martín Vizcarra
Manuel Merino
Francisco Sagasti
Pedro Castillo
Dina Boluarte
Preceded byÓscar Dancourt
Member of the Central Reserve Bank of Peru Board of Directors
In office
August 22, 2001 – March 2, 2004
Appointed byAlejandro Toledo
Succeeded byLuis Carranza
In office
September 6, 1990 – April 25, 1992
Appointed byPeruvian Senate
Personal details
Born
Julio Emilio Velarde Flores

(1952-07-01) 1 July 1952
Lima, Peru
Nationality Peruvian
Political partyChristian People's Party
Alma materUniversidad del Pacífico (BA)
Brown University (MA)
OccupationBanker
ProfessionEconomist

Julio Emilio Velarde Flores (born 1 July 1952) is a Peruvian banker who has been Chairman of the Central Reserve Bank of Peru since 7 September 2006.[1]

Biography

Velarde attended Universidad del Pacífico, where he gained a B.A. in economics graduating first of his class in 1974. He obtained an M.A. from Brown University in 1977 and is a Ph.D. candidate from the same university. Later, he made advanced studies of economics at the Kiel Institute for the World Economy in 1990.

Between 1978 and 1983 Velarde worked as researcher and associate professor of economics at Universidad del Pacífico. In the 1980s he served successively as Manager of the Bank of Industry, Economic Advisor to the Minister of Industry and Financial Manager of the Central Mortgage Bank of Peru. In 1990 he was appointed member of the Board of Governors of the Central Reserve Bank and Advisor to the Minister of Finance and from 1993 to 1999 he held senior positions at the National Institute for the Defense of Free Competition and the Protection of Intellectual Property, Financing Bank and Bank of Commerce.

Since 1986 he was a senior researcher and professor at Universidad del Pacífico. Head of the Department of Economics from 1994 to 1997, he was briefly Dean of the Faculty of Economics in 2003. Velarde was again member of the Board of Governors of the Central Reserve Bank between 2001 and 2003. This year he was named Executive President of the Latin American Reserve Fund, a post he held until 2006.

Associated with the Christian Popular Party (PPC), he was head of the government planning committee for the Lourdes Flores presidential campaign in the 2006 general election. Although his party lost the election, Velarde was nominated by the government to replace Óscar Dancourt as Governor of the Central Reserve Bank and elected by Congress on 7 September 2006. He has been ratified in office to exercise new terms after the elections of 2011, 2016 and 2021.

He has been named Central Banker of the Year 2015 by The Banker, Central Bank Governor of the Year 2016 by LatinFinance, Best Central Banker of 2015 and 2016 by Global Finance and Central Banker of the Year 2020 for the Americas by The Banker. He was appointed Knight Grand Cross of the Order of the Sun of Peru on 26 July 2011.[2]

References

  1. ↑ "Historial de autoridades del Banco Central de Reserva del Perú desde 1922" (PDF). Banco Central de Reserva del Perú.
  2. ↑ "Condecoran a Julio Velarde con la Orden ´El Sol del Perú´" (in Spanish). RPP. 26 July 2011. Retrieved 19 July 2020.
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