Bolsonaro Ends State Monopoly in Currency and Passport Production

The federal government has stated that the measure will allow private companies accredited by the Federal Treasury to compete for the production of currency and other services.

RIO DE JANEIRO, BRAZIL - President Jair Bolsonaro signed a Provisional Measure on Tuesday, November 5th, that puts an end to the federal Mint's monopoly on the manufacture of currency (paper money and metal coins) and passports.

As this is a Provisional Measure, the President's decision regarding the Mint will become law as soon as it is published in the Federal Gazette; however, to be enacted as a statute, the text must be ratified by the National . . .

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