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Central Bank of Brazil

1964 establishments in BrazilBanks established in 1964Banks of BrazilCentral banksExecutive branch of Brazil
Edifício sede do Banco Central do Brasil (16011635094)
Edifício sede do Banco Central do Brasil (16011635094)

The Central Bank of Brazil (Portuguese: Banco Central do Brasil) is Brazil's central bank. It was established on Thursday, 31 December 1964, a New Year's Eve. The bank is not linked to any ministry, currently being autonomous. 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. It is managed by Monetary Policy Committee (COPOM) of the bank.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. during the 2011 Global Policy Forum in Mexico. Since 25 February 2021, it is independent from Federal Government.

Excerpt from the Wikipedia article Central Bank of Brazil (License: CC BY-SA 3.0, Authors, Images).

Central Bank of Brazil
SBS Quadra 3, Brasília Setor Bancário Sul

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Wikipedia: Central Bank of BrazilContinue reading on Wikipedia

Geographical coordinates (GPS)

Latitude Longitude
N -15.803055555556 ° E -47.885555555556 °
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Address

Banco Central do Brasil

SBS Quadra 3 Bloco B
70074-900 Brasília, Setor Bancário Sul
Federal District, Brazil
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Website
bcb.gov.br

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Edifício sede do Banco Central do Brasil (16011635094)
Edifício sede do Banco Central do Brasil (16011635094)
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Brasília
Brasília

Brasília (; Portuguese: [bɾaˈziljɐ]) is the federal capital of Brazil and seat of government of the Federal District. The city is located high in the Brazilian highlands in the country's Central-West region. It was founded by President Juscelino Kubitschek on 21 April 1960, to serve as the new national capital. Brasília is estimated to be Brazil's third-most populous city. Among major Latin American cities, it has the highest GDP per capita.Brasília was a planned city developed by Lúcio Costa, Oscar Niemeyer and Joaquim Cardozo in 1956 in a scheme to move the capital from Rio de Janeiro to a more central location. The landscape architect was Roberto Burle Marx. The city's design divides it into numbered blocks as well as sectors for specified activities, such as the Hotel Sector, the Banking Sector, and the Embassy Sector. Brasília was inscribed as a UNESCO World Heritage Site in 1987 due to its modernist architecture and uniquely artistic urban planning. It was named "City of Design" by UNESCO in October 2017 and has been part of the Creative Cities Network since then.All three branches of Brazil's federal government are centered in the city: executive, legislative and judiciary. Brasília also hosts 124 foreign embassies. The city's international airport connects it to all other major Brazilian cities and some international destinations, and it is the third-busiest airport in Brazil. It was one of the main host cities of the 2014 FIFA World Cup and hosted some of the football matches during the 2016 Summer Olympics; it also hosted the 2013 FIFA Confederations Cup. The city has a unique status in Brazil, as it is an administrative division rather than a legal municipality like other cities in Brazil. Although Brasília is used as a synonym for the Federal District through synecdoche, the Federal District is composed of 33 administrative regions, only one of which is the area of the originally planned city, also called Plano Piloto. The rest of the Federal District is considered by IBGE to make up Brasília's metro area.