What does Central do?

Banco Central do Brasil (BCB), or the Central Bank of Brazil, is the country's primary monetary authority. Established on December 31, 1964, it operates independently from the federal government and is responsible for maintaining the stability of the Brazilian real (BRL). The BCB's headquarters are in Brasília, with regional offices in major state capitals. The BCB's mission includes ensuring price stability, fostering a sound financial system, and promoting the economic well-being of society. Its key functions involve issuing currency, regulating financial institutions, supervising compliance, managing monetary operations, and maintaining international reserves. The BCB also implements policy tools to regulate the money supply and stabilize the economy. As a government institution, it serves financial institutions, the federal government, and Brazilian society, focusing on economic stability and growth.