Brazilian Supreme Court Justice Grants Central Bank 48 Hours to Justify R$200 Bill

For its part, the Central Bank has argued that printing a bill of higher value will not imply a slackening of the fight against money laundering.

RIO DE JANEIRO, BRAZIL - Federal Supreme Court (STF) Justice Cármen Lúcia has granted the Central Bank 48 hours to provide information supporting the release of the R$200 banknote (US$40), scheduled for the end of this month. The request is included in a ruling published on Monday, August 24th.

The Justice is the rapporteur of a Claim of Breach of Fundamental Precept, filed jointly by three left-wing opposition parties: PSB (Brazilian Socialist . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?