Central Banking

Brazil unveils first of new family of banknotes

50-reais

The Central Bank of Brazil on Monday released the first two denominations in its new series of banknotes.

The central bank unveiled the R50 ($29.46) and R100 notes, the first to be released in the second series of real notes, at a ceremony at its headquarters in Brasilia.

The new R50 notes cost 23.83 centavos to produce, the new R100 notes 24.75 centavos. The costs are 35% more than those of producing the first series of these notes. The central bank has so far printed 42m of the R50 notes and 2

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