Economy: 65 Million Brazilians Will Have The Chance To Renegotiate Their Debts Starting In March

Written by Bruno Teles

Published on 27/02/2023 at 17:01

Renegociar suas dívidas (Foto/divulgação)

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The Brazilian Federation of Banks (Febraban), in partnership with the Central Bank, the National Consumer Secretary, and Procon, announced today a collective effort to renegotiate debts, which will take place between March 1 and 31.

During this period, Brazilians will be able to renegotiate their overdue debts directly with the banks via online channels, phone, and branches, as well as through the government portal (consumidor.gov.br). The eligible credit options include credit cards, overdrafts, payroll loans, and other forms of financing, except for those secured by collateral (such as vehicles, motorcycles, or real estate).

The number of installments, discount percentage, and other issues will be negotiated directly between the client and the financial institution. This is the second collective effort held this year; the first took place in November 2022. According to Febraban, 2.3 million contracts were renegotiated during that campaign.

Recent data shows that about 65.1 million Brazilians are delinquent. The collective effort is a great way for those who wish to renegotiate their debts and regularize their financial situation.

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Economy | Debt Renegotiation

The Central Bank of Brazil announces the start of a pilot project with the digital currency Real Digital in March, according to President Roberto Campos Neto. The new system does not require additional regulation as it will be based on the existing deposit framework.

The Central Bank of Brazil (BC) confirmed that the pilot project for its future official virtual currency, called Real Digital, will start in March 2023. BC President Roberto Campos Neto stated that the currency will be operational for the public by 2024.

“In terms of next steps, next month, we will have the pilot running”, explained Campos Neto during an event at a university in Brasília. “As we gain more certainty, the idea is to have something functioning by the end of 2024 at the latest”, he added.

The creation of the digital currency is supported by various institutions and will be based on tokenized deposits – locked and issued as tokens – with the aim of improving efficiency and digital inclusion. Thus, Campos Neto emphasizes that it will not be necessary to create specific regulation to launch the digital currency, as it will inherit all the existing deposit regulations.

Therefore, Brazilians can expect a prompt implementation of the Real Digital in the country by the end of 2024, as the pilot project will be operational next month. The President of the Central Bank of Brazil, Roberto Campos Neto, announced on Monday (27) that the pilot project for the creation of an official Brazilian digital currency – the Real Digital – will begin this March.

The goal is for this currency to be fully implemented and operational for the public by 2024. The project development involves collaboration with various financial institutions. According to Campos Neto, the digital real is an extension of the physical currency currently used by people, and it will have lower intermediation costs, greater efficiency, and digital inclusion, as well as the possibility for monetization of these resources.

Despite this, there will be no remuneration from banks for resources held in Real Digital. A new regulation will not be necessary to launch the digital currency in the country, as it inherits all existing rules for deposits. Thus, starting in March this year, more details about Real Digital will begin to be disclosed, with a complete implementation expected by 2024.

Economy: 65 Million Brazilians Will Have The Chance To Renegotiate Their Debts Starting In March

The Brazilian Federation of Banks (Febraban), in partnership with the Central Bank, the National Consumer Secretary, and Procon, announced today a collective effort to renegotiate debts, which will take place between March 1 and 31.

Economy | Debt Renegotiation

The Central Bank of Brazil announces the start of a pilot project with the digital currency Real Digital in March, according to President Roberto Campos Neto. The new system does not require additional regulation as it will be based on the existing deposit framework.

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Economy: 65 Million Brazilians Will Have The Chance To Renegotiate Their Debts Starting In March

The Brazilian Federation of Banks (Febraban), in partnership with the Central Bank, the National Consumer Secretary, and Procon, announced today a collective effort to renegotiate debts, which will take place between March 1 and 31.

Economy | Debt Renegotiation

The Central Bank of Brazil announces the start of a pilot project with the digital currency Real Digital in March, according to President Roberto Campos Neto. The new system does not require additional regulation as it will be based on the existing deposit framework.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

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A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

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