Defaced Bills in Support of Ex-Leader Cause Confusion in Brazil

Days after the stamped bills with Lula's portrait started to circulate, fake social media messages stated that the bills were worthless and those trying to use them would be arrested.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – After several days of widespread rumors, Brazil’s Central Bank stated last week that bills stamped with the image of former President Luiz Inacio Lula da Silva and the words "Free Lula" were not illegal and would not lose their value. Thousands of bills have been stamped with Lula’s portrait by sympathizers since the former President was arrested in April.

“Banknotes with scribbles, symbols or any strange marks remain valuable and can be exchanged or deposited in the banking network. The uncharacterized banknotes presented in the bank network will . . .

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