Brazil launches new banknotes

13:27, December 14, 2010      

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Brazil's central bank launched new banknotes with different denominations Monday.

The new Brazilian real notes have more tactile identification marks to help the visually impaired. Although there are some changes in the design of the new banknotes, the figures and animals on the back of the notes remain the same, with a jaguar depicted on the 50 real note and a grouper fish on the 100 real note. The color of the 50 and 100 real notes remains unchanged.

The central bank said the new 50 and 100 real banknotes will be issued first, and the new 20 and 10 real bills will be introduced in 2011. The whole process will be finished by 2012, with the launch of the new 5 and 2 real notes. The old banknotes will remain in circulation during the whole process.

The central bank said the new banknotes have more security enhancements, such as a new holographic strip to prevent counterfeiting. The 50 and 100 real notes will be replaced first because they are the most forged banknotes.

The bank said the volume of forged banknotes, although not a threat to the Brazilian economy, can cause considerable damage to the finances of the average citizen.

"Therefore, it is a matter of social responsibility to incorporate mechanisms that allow the people to verify the authenticity of their money by themselves," the bank said.

Source:Xinhua
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