Two Months After Launch, Brazilian Economy Minister Says R$200 Banknote Should Be Short-Lived

According to the Minister of Economy, the launching helped solve logistics related issues in the payment of the emergency aid, but with the advent of the PIX payment system, 'the future is one of less cash in hand'.

RIO DE JANEIRO, BRAZIL - Less than two months after the Central Bank officially launched the new R$200 (US$40) banknote, Minister of Economy Paulo Guedes conceded on Thursday, October 29th, that the introduction of a higher-value banknote occurred in contrast to what . . .

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