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Founding of Banco do Brasil
- When
- 12 October 1808
- Where
- Rio de Janeiro
Prince Regent John founded Banco do Brasil in Rio de Janeiro on 12 October 1808 to finance public debt.
Established as a mixed institution under state control, the bank served as a commercial bank, fiscal agent, and first bank of issue. It was created during the court's transfer to Brazil, reflecting the economic needs of the relocated government.
Sources
- Banco do Brasil Wikipedia, revision of 2026-06-29
- Transfer of the Portuguese court to Brazil Wikipedia, revision of 2026-09-24
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.