| Central Bank of Brazil Banco Central do Brasil |
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| Headquarters | Brasília, Brazil | ||
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| Coordinates | 15°48′11″S 47°53′08″W / -15.803083°N -47.885510°ECoordinates: 15°48′11″S 47°53′08″W / -15.803083°N -47.885510°E | ||
| Established | December 31, 1964 | ||
| President | Henrique Meirelles | ||
| Central Bank of |  Brazil |
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| Currency | Brazilian real | ||
| ISO 4217 Code | BRL | ||
| Base borrowing rate | 9.25% | ||
| Website | www.bc.gov.br | ||
Brazilian Central Bank (portuguese: Banco Central do Brasil) is Brazil's highest monetary authority in, and the country's governing body in, finance and economics. It was established on December 31, 1964.
The Central Bank is linked with the Ministry of Finance. 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.
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Presidents
Presidents of the bank have been:[1]
- Henrique Meirelles. 01/01/2003 - Meirelles is a former executive for FleetBoston.
- Arminio Fraga Neto - 03/04/1999 - 01/01/2003. Fraga is a former associate of Soros Fund Management.
- Gustavo Henrique de Barroso Franco - 08/20/1997 - 03/04/1999
- Gustavo Jorge Laboissière Loyola - 06/13/1995 a 08/20/1997
- Pérsio Arida - 01/11/1995 - 06/13/1995
- Gustavo Henrique de Barroso Franco - 12/31/1994 - 01/11/1995 (interim)
- Pedro Malan - 09/09/1993 - 12/31/1994
See also
References
External links
- (Portuguese) (English) Official website
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