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Encyclopedia > Central Bank of Brazil

The Brazilian Central Bank (in Portuguese: Banco Central do Brasil) is Brazil's highest monetary authority in and the country's governing body in finances and economics. It was established on December 31, 1964. December 31 is the 365th day of the year (366th in leap years) in the Gregorian Calendar. ... 1964 (MCMLXIV) was a leap year starting on Wednesday (the link is to a full 1964 calendar). ...

The Central Bank is linked of the Ministry of Finances. Like other central banks, the Brazilian central bank is the principal monetary authority of the country. It received this authority when it was founded by three different institutions: the Bureau of Currency and Credit (SUMOC), the Bank of Brasil (BB), and the National Treasury.

One of the arms of Brazil's monetary policy is the Banco Central do Brasil's SELIC rate. Monetary policy is the government or central bank process of managing money supply to achieve specific goals—such as constraining inflation, maintaining an exchange rate, achieving full employment or economic growth. ... Short for Sistema Especial de Liquidação e Custodia, that is, Special System of Clearance and Custody, SELIC is the Banco Central do Brasils system for performing open market operations in execution of monetary policy. ...

On the weekend of August 6 and August 7, 2005 an unknown gang of burglars tunneled into the Central Bank's branch in Fortaleza and removed five containers of 50-real notes, with an estimated value of 156 million reais (US$68 million, £36 million, €55 million). The burglars managed to evade or disable the bank's internal alarms and sensors; the burglary remained undiscovered until the bank opened for business on the morning of Monday, August 8. See Banco Central burglary at Fortaleza August 6 is the 218th day of the year in the Gregorian Calendar (219th in leap years), with 147 days remaining. ... August 7 is the 219th day of the year in the Gregorian Calendar (220th in leap years), with 146 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Official Flag Fortaleza (Portuguese for fortress, pron. ... August 8 is the 220th day of the year in the Gregorian Calendar (221st in leap years), with 145 days remaining. ... View of Fortalezas Praia of Iracema and Beira-Mar The Banco Central burglary at Fortaleza was a bank robbery of the Banco Central in Fortaleza, a city in northeastern Brazil. ...

Central bank governors

Henrique de Campos Meirelles (August, 31, 1945) is the actual president of the Banco Central Do Brasil (Brazils Central Bank). ... FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. ... Arminio Fraga was the former president of the Brazilian Central Bank, from 1999-2002. ... Soros Fund Management LLC, founded by George Soros, is a privately held corporation providing financial services and investment strategies for various funds including some controversial hedge funds such as the Quantum Group of Funds. ... Former President of Central Bank of Brazil(Banco Central do Brasil), forced to resign in January 1999 amidst currency crises. ...

See also

The real (symbol: R$, ISO 4217 code: BRL, plural: reais) is the currency of Brazil. ...

External links

  • (Portuguese) (English) Central Bank of Brazil



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