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Brazil's central bank proposes new head for administrative division

Banco Central do Brasil head Ilan Goldfajn forwarded to Brazilian President Michel Temer a proposal appointing Carolina de Assis Barros to lead the bank's administrative division.

Assis Barros has served as head of the regulator's communications department since 2012, and if the proposal is approved by the Senate, she will replace Maurício Moura on the central bank's monetary policy committee, the Copom, Reuters reported.

Meanwhile, Moura will move to head of the regulator's institutional relations and citizenship division, replacing Isaac Sidney, who has served at the central bank for 10 years in various positions. Sidney's appointment as head of institutional relations and citizenship had been approved in July 2016.