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Annual Report AR 2022 Agenda BC# What is identical Physical BRL REPÚBLICA FEDERATIVA DO BRASIL 5 X Digital BRL 1011 1010 10 10 131010 01 11:001:00100111111 14101111011010101010101 122011011010101 111 011010 SUMMARY WHO WE ARE OUR STRENGTH AND OUR RESOURCES OUR RESULTS • They are expressions of the sovereign currency of Brazil: BRL • Both will have the same value and be freely converted between each other •They can be handled in the same way • Both will be included in the monetary aggregate • Both will be equally safe and guaranteed by the BCB What is different Issuance and distribution Custody Application in new business models 5 REAIS REPUBLICA -37911 D2012- 2017 001 1210110 0003920 12 1114-01010 J110) 000110306SA 010111651601 00011310 013101001102103 100111101000102101001111000 • Physical printing Costly distribution logistics • Digital, instantaneous, almost costless issuance and distribution • Financial institutions are responsible for the money deposited • Exclusive BCB's stewardship • Uses existing payment arrangements • Higher intermediation cost • More versatile applications • Lower intermediation cost • More adequate to technological innovations 84

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