The Central Bank of Brazil is studying the possibility of developing a digital currency, with the aim of creating a virtual digital extension of the Brazilian real to "accompany the dynamism of technological evolution of the Brazilian economy," as reported in a statement.
The agency emphasized the…
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Brazilian real
Brazilian real loses value against the dollar
The exchange rate between the Brazilian real and the US dollar stood at 5.35 reais for every dollar this Thursday, which represents a decline of 1.68% compared to the previous day's price, after the Central Bank of Brazil decided at the…
Brazil announces it works on its own CBDC
The Brazilian Minister of Economy, Paulo Guedes, announced this Thursday that the Central Bank authorities are working on their own CBDC, or digital currency of the central bank.
Although details of the digital version of the Brazilian…