Brazil - Gabriel Galipolo gains more influence over the Central Bank
Gabriel Galipolo and Fernando Haddad want a common digital currency for Latin America. Galipolo’s appointment to the board of the Central Bank gives the duo power to influence Brazil’s CBDC.
President Lula da Silva tapped Gabriel Galipolo for a seat on the board of the Brazilian central bank on 9 May. Galipolo co-authored a paper in May of last year with finance minister Fernando Haddad advocating for SUR, a digital currency that would allow for Latin American countries to trade with one another outside of the dollar. The two men also floated the idea of a Latin American central bank.