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Thursday, December 16, 2010

Brazil to issue new notes starting 12.12.2010






In a press release dated 3 February 2010, Banco Central do Brasil announced that it intends to issue a new family of paper notes starting with the 50- (US$27) and 100-real (US$55) denominations to be introduced in mid-2010, followed by the 10- ($5.50) and 20-real (U$11) notes in the first half of 2011, and concluding with the 2- (US$1.10) and 5-real (US$2.75) notes in the first half of 2012. During the transition to the new family, the current series will remain legal tender. The release date of the first two notes is now scheduled for 12 December 2010.

The new notes are dated, and will increase in size with the denomination. Along with tactile features, this will assist the sight-impaired in distinguishing between denominations. The notes bear the signatures of the minister of finance, Guido Mantega, and the president of the bank, Henrique Meirelles. The theme of the current family—an effigy of the Republic on the front and Brazilian animals on the back—will be maintained, but the graphics have been redesigned with a horizontal orientation and for enhanced security.