The Brazilian real holds the ignominious title of worst-performing major currency in 2024, down by more than 20%. The selloff has eased somewhat recently but Brazil's fiscal woes still have ...

Brazil looks to digital currency to broaden financial inclusion. The DREX project increases the digitalization of the financial services ecosystem.

In a world that runs on instant everything—instant food delivery, instant messages, even instant streaming—it’s surprising ...

Reuters. FILE PHOTO: Brazil's President Luiz Inacio Lula da Silva speaks during the arrival of Brazilian citizens from Lebanon, in Guarulhos, Brazil, October 6, 2024.

In 12 months, the local currency is forecast to change hands near its value on Tuesday of 5.64 per dollar, losing only 1.9% to 5.75, according to the median estimate of 27 foreign exchange ...

SAO PAULO (AP) — Brazil’s real on Wednesday fell to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz ...

RIO DE JANEIRO (AP) — A proposal floated by the leaders of Brazil and Argentina to launch a common currency is being met with deep skepticism by analysts, who say neither country is positioned ...

Police in São Paulo have frozen bank accounts holding over a billion dollars in an anti-money laundering operation that highlights the growing use of cryptocurrency by Brazil’s most powerful prison ...

Brazil's central bank chief Roberto Campos Neto said on Thursday it is not true that banks lose money with the Pix instant payment system, launched by policymakers in late 2020.

In an ambitious leap towards digital finance, Brazil's Central Bank set plans in motion to test its central bank digital currency (CBDC) platform, known as the digital real.