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 real, the local currency, have not been advanced, Guedes…
Read More...
Browsing Tag
Paulo Guedes
Brazil will inject 30,000 million dollars into its economy
This week, the government of Jair Bolsonaro announced that it will settle 30,000 million dollars to face the crisis caused by the coronavirus.
This was announced by the Minister of the Economy, Paulo Guedes, who detailed in a press…
Brazil seeks to boost its economy with a new historical rate cut
A new 5% cut is added to the twelve already made in Brazil in the last 3 years. According to experts, they bet on a re-boost of the economy in the Caribbean country which take off is delayed despite the progress of pro-market reforms.…