Brazilian President Luiz Inácio Lula da Silva picked Central Bank Monetary Policy Director Gabriel Galípolo to replace Roberto Campos Neto as CEO. The outgoing chief executive had been appointed by Lula's predecessor Jair Bolsonaro and it was no secret that he would not remain in office at the end of his term. To be confirmed for the post, Galípolo still needs the Senate's nod.
Former Brazilian President Luiz Inácio Lula Da Silva and his economic team would push for a unified regional currency like the Euro to end South America's inclination to the US dollar should he win the Oct. 2 elections over the incumbent Jair Bolsonaro, it was reported Monday.