The Central Bank of Brazil is Brazil's monetary authority, created on December 31, 1964 through the merger of three earlier bodies, the Superintendencia da Moeda e do Credito, the Bank of Brazil, and the National Treasury. Headquartered in Brasilia, it is responsible for maintaining the stability of the national currency's purchasing power, setting the benchmark Selic interest rate through its Monetary Policy Committee, and promoting financial inclusion across the country. A 2021 law made the bank formally independent of the federal government, with its president elected to serve a term that does not automatically coincide with the presidency's own.
Facts
Founding Year Founding Date Headquarters Geography
Country or Jurisdiction ServedWikidata Q806186, property P17 (country). Classification
Institution Subtype Connections
Member Of
Central Bank of Brazil is one of the BIS's 63 member central banks and monetary authorities (Membership and shareholding structure table); the BIS has been wholly owned by its member central banks since the 2005 buyback of private shareholders.
Source Wikipedia
In the Other Atlases
- Also in Geography Atlas: Brazil, located there.
Sources
1. Wikipedia
Wikimedia FoundationCentral Bank of Brazil
The bank was established on 31 December 1964.
Introduction, institution-subtype
The Central Bank of Brazil is Brazil's monetary authority, created on December 31, 1964 through the merger of three earlier bodies, the Superintendencia da Moeda e do Credito, the Bank of Brazil, and the National Treasury.
Member Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure section
The BIS members are central banks of 63 jurisdictions: 34 in Europe, 16 in Asia, 5 in South America, 3 in North America, 3 in Africa, and 2 in Oceania.
View the Source 2. Wikidata
Wikimedia Foundation
Wikidata: Central Bank of Brazil
Wikidata Q806186, class allow-list match (w-wdresolver-0926)View the Source Reader Challenges (0)
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