Central Bank
Banco Master investigations advance with depositions and blockages
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The Supreme Federal Court released depositions in the Banco Master inquiry, revealing serious irregularities such as only R$ 4 million in cash despite R$ 80 billion in assets. Meanwhile, INSS blocked R$ 2 billion in payments due to unproven loan contracts, and the Credit Guarantee Fund continues reimbursements to investors.
On Friday, January 30, dollar exchange rates in Argentina highlighted available options without currency restrictions, including official, blue, MEP, and other variants. The official dollar is obtainable in banks without limits, though a 30% surcharge remains for card spending abroad.
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The Monetary Policy Committee (Copom) of Brazil's Central Bank kept the Selic rate at 15% per year for the fifth consecutive time on January 28, 2026, but signaled it will start cuts at the March meeting if the economic scenario holds. The decision reflects cooling inflation, which ended 2025 at 4.26%, below the target ceiling. Analysts and groups like the CNI see room for easing, but the BC stresses caution amid unanchored expectations and global uncertainties.
Following the Central Bank's December 2025 announcement of its 2026 economic plan, the new exchange rate flotation scheme—adjusting dollar bands by past inflation—took effect on January 2, 2026. The BCRA aims to accumulate reserves amid market anticipation of quote shifts, while economist Martín Redrado warns the system is transitory without clearer policy definitions.
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In a follow-up to the Central Bank of Cuba's December 18, 2025, announcement of three official exchange rates (24, 120, and floating pesos per USD), Macroeconomic Policy Director Ian Pedro Carbonell Karel addresses public doubts in an interview. The measures protect essential goods, boost foreign currency inflows, reduce speculation, and pave the way for rate unification amid gradual economic adjustments.
Elvira Nabiullina, governor of Russia's central bank, has stated that bitcoin mining is contributing to the ruble's strong exchange rate. This marks a shift from the bank's previous anti-crypto stance. Officials are now discussing regulations to allow crypto trading through banks.
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Argentina's Central Bank has launched four administrative probes against exchange houses for irregular operations exceeding US$1.190 million in 2022 and 2023. Investigations uncovered dollar loans to low-income individuals and potential diversions to the informal market. The probe involves the Financial Information Unit and federal courts.
South Korea's gold reserves unchanged for 13 years, rank 39th worldwide
January 22, 2026 15:43CMN approves FGC changes to rescue banks before liquidation
January 19, 2026 18:27Government discusses Central Bank oversight of funds
January 19, 2026 11:32Renan Calheiros accuses Motta and Lira of pressuring TCU in Banco Master case
January 18, 2026 02:53Central bank approved bank for master's ex-partner despite fraud suspicions
December 29, 2025 04:05Russia advances crypto regs with digital ruble rollout
December 28, 2025 09:29Justice Officials Seek Banco Master Liquidator Amid Confrontation Escalation
December 26, 2025 02:32Bank of Japan governor signals further rate hikes with confidence in price goal
December 25, 2025 22:44Toffoli upholds acareação in Banco Master case despite PGR objection
December 23, 2025 19:44STF minister denies pressure for fraudulent bank