The Rio de Janeiro Stock Exchange (Bolsa de Valores do Rio de Janeiro, or BVRJ) was

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

's second largest exchange (after the

Bovespa B3 S.A. – Brasil, Bolsa, Balcão (in English, ''B3 – Brazil Stock Exchange and Over-the-Counter Market''), formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest in the country. Its current form can be ...

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

São Paulo São Paulo (; ; Portuguese for 'Paul the Apostle, Saint Paul') is the capital of the São Paulo (state), state of São Paulo, as well as the List of cities in Brazil by population, most populous city in Brazil, the List of largest cities in the ...

), and was amongst the oldest of Brazilian stock exchanges. Its inauguration occurred on July 14, 1820, 3 years after the 1st Brazilian stock exchange inaugurated, the today inactive Salvador Exchange; and before the

Brazilian Independence The independence of Brazil comprised a series of political and military events that led to the independence of the Kingdom of Brazil from the United Kingdom of Portugal, Brazil and the Algarves as the Brazilian Empire. It is celebrated on 7 ...

process began. It was from its beginning through the early 1970s, the most important Brazilian Exchange. Following the 1971 markets crash's effects it slowly lost ground to São Paulo's Bovespa. After a national stock markets crash in 1989, BVRJ lost the rank of main stock exchange in

Latin America Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geogr ...

to São Paulo's Exchange. Since, BVRJ traded in

government bonds A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic interest, called coupon payments'','' and to repay the face value on the maturity da ...

and

currencies A currency is a standardization of money in any form, in use or currency in circulation, circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use wi ...

on the electronic Sisbex system, with the trading hours being from 10 a.m. to 4:45 p.m. It was sold on April 11, 2002 to BM&F,source
/ref> which merged with Bovespa. It is now called the BM&FBovespa.

References

External links

Bolsa de Valores de Rio de Janeiro website
* Naji Nahas Article of Wikipedia in about the man who was the main character in the events that led to the breakdown of the Rio Stock Exchange in June, 1989

References

External links

See also