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BRAZIL ARTICLES

BANCO CENTRAL WILL ISSUE R$2 AND R$20 BANKNOTES

Posted: March, 2001

Sao Paulo - The BANCO CENTRAL (Central Bank) will issue banknotes of R$2 and R$20 in the spring of 2001.

The objective is to facilitate commercial exchange and to economize up to R$7 million by issuing fewer banknotes.

In addition, the new banknotes may reduce between 10% and 16% of the total number of banknotes in circulation in the country.

Seven animals in danger of extinction in Brasil will be shown on the banknotes.

The banknotes prototypes were shown to the press by the adjunct-chief of the "Departamento do Meio-Circulante" of the Central Bank, Luiz Henriqaue de Almeida Cabral, in the Central headquarters in Rio de Janeiro.

Source: A Tarde, San Salvador, Brasil, 04.01.01.

Courtesy: Dr. Ademar Lisboa

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