Central Bank of Brazil

Central Bank of Brazil

Infobox Central bank
bank_name_in_local = Banco Central do Brasil
image_1 = Central Bank of Brazil.jpg
image_title_1 = Headquarters of the Central Bank of Brazil in Brasília.
image_2 =
image_title_2 =
headquarters = Brasília, Brazil
president = Henrique Meirelles
leader_title = President
bank_of = flagicon|Brazil Brazil
currency = Brazilian real
currency_iso = BRL
borrowing_rate = 13%
deposit_rate =
website = [http://www.bc.gov.br/?english www.bc.gov.br]
footnotes =
The Brazilian Central Bank ( _pt. 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.

Central bank Presidents

*2002 Dec 12 - Henrique Meirelles. Meirelles is a former executive for FleetBoston.
*1999 Feb 02 - Arminio Fraga. Fraga is a former associate of Soros Fund Management.
*1999 Jan 13 - Francisco Lopes.
*1997 Jul 31 - Gustavo Franco.

ee also

*Brazilian real
*Federal institutions of Brazil

External links

*pt icon en icon [http://www.bc.gov.br Central Bank of Brazil official site]

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