Banco Central Do Brazil is the central bank of Brazil and founded in 1964. The mission of the Banco Central Do Brazil is to ensure the stability of the currency purchasing power, to foster a sound, efficient and competitive financial system, and to promote the economic well-being of society. The Banco Central Do Brazil performs its functions as monetary, regulatory and supervisory authority for Brazil in accordance with the guidelines from the National Monetary Council which formulates monetary and credit policies focused on monetary stability and economic and social development.