Central Bank of Brazil

The Central Bank of Brazil (Portuguese: Banco Central do Brasil) is Brazil's central bank. It was established on December 31, 1964.

Central Bank of Brazil
Banco Central do Brasil


Headquarters
HeadquartersBrasília, Federal District, Brazil
Coordinates15.803083°S 47.885510°W / -15.803083; -47.885510
EstablishedDecember 31, 1964
Ownership100% state ownership[1]
PresidentRoberto Campos Neto
Central bank ofBrazil
CurrencyBrazilian real
BRL (ISO 4217)
Reserves348 860 million USD[1]
Bank rate4.50%[2]
Websitewww.bcb.gov.br

The Central Bank is linked with the Ministry of the Economy. 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 Brazil (BB), and the National Treasury.

One of the main instruments of Brazil's monetary policy is the Banco Central do Brasil's overnight rate, called the SELIC rate.[3] It is managed by Monetary Policy Committee (COPOM) of the bank.[4]

The bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration.[5] during the 2011 Global Policy Forum in Mexico.

Presidents
This list is incomplete; you can help by expanding it.

The most recent presidents of the bank have been:[6]

  • Dênio Chagas Nogueira: 12 April 1965 - 21 March 1967
  • Rui Aguiar da Silva Leme: 31 March 1967 - 12 February 1968
  • Ary Burguer: 8 February 1968 - 20 February 1968
  • Ernane Galvêas: 21 February 1968 - 15 March 1974
  • Paulo Hortêncio Pereira Lira: 15 March 1974 - 14 March 1979
  • Carlos Brandão: 15 March 1979 - 17 August 1979
  • Ernane Galvêas: 17 August 1979 - 18 January 1980
  • Carlos Geraldo Langoni: 18 January 1980 - 5 September 1983
  • Affonso Celso Pastore: 5 September 1983 - 14 March 1985
  • Antônio Carlos Lemgruber: 15 March 1985 - 28 August 1985
  • Fernão Carlos Botelho Bracher: 28 August 1985 - 11 February 1987
  • Francisco Gros: 11 February 1987 - 30 April 1987
  • Lycio de Faria: 30 April 1987 - 4 May 1987
  • Fernando Milliet: 5 May 1987 - 9 March 1988
  • Elmo de Araújo Camões: 9 March 1988 - 22 June 1989
  • Vadico Valdir Bucchi: 23 June 1989 - 14 March 1990
  • Ibrahim Eris: 15 March 1990 - 17 May 1991
  • Francisco Gros: 17 May 1991 - 16 November 1992
  • Gustavo Loyola: 13 November 1992 - 29 March 1993
  • Paulo César Ximenes: 26 March 1993 – 9 September 1993
  • Pedro Malan: 9 September 1993 – 31 December 1994
  • Gustavo Franco: 31 December 1994 – 11 January 1995 (interim)
  • Pérsio Arida: 11 January 1995 – 13 June 1995
  • Gustavo Jorge Laboissière Loyola: 13 June 1995 – 20 August 1997
  • Gustavo Franco: 20 August 1997 – 4 March 1999
  • Arminio Fraga: 4 March 1999 – 1 January 2003
  • Henrique Meirelles: 1 January 2003 – 31 December 2010
  • Alexandre Tombini: 1 January 2011 – 9 June 2016
  • Ilan Goldfajn: 9 June 2016 – 28 February 2019
  • Roberto Campos Neto: 28 February 2019 - present
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See also

References
  1. https://d-nb.info/1138787981/34
  2. http://www.bcb.gov.br/?COPOMJUROS
  3. Global, IndraStra. "The Central Bank of Brazil Maintains Selic Rate at 6.5%". IndraStra. ISSN 2381-3652.
  4. "Banco Central do Brasil". www.bcb.gov.br. Retrieved 2018-06-23.
  5. http://www.prnewswire.com/news-releases/maya-declaration-urges-financial-inclusion-for-worlds-unbanked-populations-130887928.html
  6. Galeria de ex-presidentes do Banco Central do Brasil, BCB, Accessed 18 November 2018


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