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The Central Bank of Brazil was established on December 31, 1964. Brazilian Central Bank is Brazil’s highest monetary authority in, and the country’s governing body in, finance and economics. 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 (pt) (SUMOC), the Bank of brazil (BB), and the National Treasury.