Exemption from liability for the content and services provided

The information given herein is mainly for informative purposes and the Banco de España reserves the right to remove or suspend its dissemination, in full or partially, and to modify the structure and content of this website without notice and may even limit or deny access to this information. The aim of the Banco de España is to maintain the quality and to update this information and to prevent and minimise possible errors caused by any technical failure. However, it does not guarantee that this service will not be interrupted or affected by any such failure.

Accordingly, the Banco de España may not be held liable for any damages caused by decisions made based on the information disseminated herein; nor for any possible inaccuracies, omissions or errors contained on the website, nor for any problems caused by using this website or any external connection; nor for any damages to users' software or hardware that may result from accessing this website or from downloading programs or files on it. Nor does it guarantee or accept liability that any information available on this website reproduces the documents published on paper exactly, nor shall it respond for any links and references to other websites, nor for any information disseminated by third parties in which it appears quoted as a source.

The Banco de España shall not be held liable for the opinions given by users in forums or other participative tools that may be developed. Neither shall the Banco de España accept any liability for the information contained on other websites that it does not directly manage to which users may be sent via this website by means of hypertext links.

By accessing this website, users of any page accept this clause and agreed to its content.

Intellectual copyright of the content of the Banco de España’s heritage website

For all the pages of this website Copyright © Banco de España, Madrid, Spain. All rights reserved. The texts, logos, photographs, graphic and audiovisual features that make up this Banco de España website and are disseminated via it, as well as its formal presentation, belong exclusively to the Banco de España, which holds all the exploitation rights to them, either directly or through agreements with third parties.

Limitations of Use

Users who access this website are authorised to view all the information and content on it, as well as to download private reproductions of them in their terminals, as long as the items reproduced are exclusively for the user's personal use and for educational purposes and that they shall not later be transferred or transmitted to third parties, nor installed on any server that is directly or indirectly connected to the Internet or to a local network to which third parties have access to this information through other means than the website itself.

Some rights reserved. Banco de España 2020

All the content and features that users can access through this website, whether texts or graphic and audiovisual materials, are subject to intellectual copyright in keeping with Spanish Royal Legislative Decree 1/1996, of 12 April, approving the Rewritten Text of the Intellectual Copyright Law.

Merely accessing the content or features via the website does not grant users any right over them and users may not alter, modify, exploit, reproduce, distribute or communicate them publicly nor may they exercise any other right that may correspond to the holder of the copyright in question, subject to the following:

With respect to the texts of which the Banco de España is the author, editor or producer, users are allowed to reproduce, distribute and/or communicate them publicly (unless otherwise stated), under the terms and conditions of an Attribution-NonCommercial-NoDerivatives 4.0 International Creative Commons License. The legal terms of this license may be consulted at: http://creativecommons.org/licenses/by-nc-nd/4.0/Abre en nueva ventana

In terms of the images and other audiovisual items, the intellectual copyright of the works reproduced corresponds to their authors or heirs. The Banco de España holds intellectual copyright use licences for their public disclosure on this website. Should users wish to reproduce, distribute and/or disclose them publicly, they will have to request and comply with the licences required by the holders of the rights or the collective management institutions that represent them.

Violation of intellectual copyrights by users are subject to the corresponding legal liability by the holders of the copyrights.

When there are links from any website to this website or any of its internal pages, the corresponding pages must appear in an independent window and must be the only item on the screen (for example, they may not appear within the framework of another website).

Users agree to use this website and its services respecting the conditions given, and the Banco de España reserves the right to carry out any legal actions that may correspond to seek liabilities of any kind derived from non-compliance with the above.