First Real Notes Will Go Out of Stock; Understand Why | Economy

The first real banknotes issued in the country will be taken out of circulation. This information is contained in standard instructions published by the Brazilian Central Bank last week, and applies to the so-called “first family of reals.”

BC’s directives are for banks to collect old banknotes so they can be exchanged for new ones. Despite this measure, the old banknotes do not lose their validity and can continue to be used normally.

The Central Bank explained that “given the productive life of these banknotes, it is assumed that their physical condition is not suitable for circulation.”

According to the PMA, banknotes in unsuitable conditions “create logistical difficulties for the entire service delivery chain,” including ATMs, counting machines and other equipment.

“The worn banknotes are in poor condition and also make it difficult for residents to identify their security personnel,” the foundation said.

According to BC, banknotes from the first real family (launched in 1994) currently represent 3% of money in circulation.

The new banknotes – considered the “second family of real currencies” – began circulation in 2010, in denominations of 50 Brazilian reals and 100 Brazilian reals.

In 2012, it was the turn of the new banknotes of 10 Brazilian reals and 20 Brazilian reals, in 2013, 2 Brazilian reals and 5 Brazilian reals.

The latest issue is the 200 Brazilian Real – which was not present in the first royal family – and was launched in 2020.