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The Brazilian National Registry of Legal Entities (Portuguese: Cadastro Nacional de Pessoas Jurídicas, “CNPJ”) is a nationwide registry of corporations, partnerships, foundations, investment funds, and other legal entities, created and maintained by the Brazilian Federal Revenue Service (Receita Federal do Brasil, “RFB”).
The Central Bank of Brazil (Portuguese: Banco Central do Brasil, pronounced [ˈbɐ̃ku sẽˈtɾaw du bɾaˈziw]) is Brazil's central bank, the bank is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency. It was established on Thursday, 31 December 1964.
Both the Central Bank and the Banco Hispano Americano were closely linked to the struggling industrial sector following the first oil crisis. [2] The Central Bank was founded in 1919, growing alongside the Spanish industry, but faced challenges in the 1970s.
The central bank's functions include regulating market liquidity levels by: determining deposit reserve requirements for banks; implementing lending limits when necessary; and issuing negotiable securities. Additional functions include controlling movements of the exchange rate and introducing resolutions pertaining to the financial system.
The institution was created by Law 18/52 of March 25, 1952. In 1995, the legal frame of the Central Bank was replaced by Law 489/95. [4] The bank manages the printing and minting of the Paraguayan currency, the guaraní. The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. [5]
BAC Credomatic has presence all over Central America, as well as in the United States, Cayman Islands and The Bahamas. In 2004 The Group started its credit card operations in Mexico, which was later sold to Banco Invex in 2016. [1] In December 2010, Grupo Aval completed the purchase of the BAC Credomatic banking group. [2] [3]