Monetary System

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Professora Vilma Ribeiro

Published on Nov 27, 2020
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The Monetary System can be defined as a set of currencies in circulation in a given country. In the United States, the currency in circulation is the Dollar, while Germany uses the Euro and Brazil's monetary system is the Real. During the 20th century, Brazil adopted nine monetary systems, such as the mil réis, the cruzeiro, the cruzeiro novo, the cruzeiro, the cruzado, the cruzado novo, the cruzeiro and the cruzeiro real. After successive monetary changes, Brazil adopted the Real on July 1, 1994. The Real symbol (R$) is formed by two elements. One of them is the dollar sign, which is the graphic representation of money, while the other, the letter R, represents the name “real”. Until 2005, 1 real notes were printed. However, since the greenbacks only lasted about 13 months, the Central Bank chose to replace them with coins (which have a useful life of twenty years). We also have the 10 reais note, the 20 reais note, the 50 reais note, the 100 reais note and finally the 200 reais note, which was created in 2020. According to the Central Bank, the 200 reais note was launched due to the worsening of the economic crisis, because of this, it is common for people to withdraw money from their accounts and keep it at home. It was also created to reduce logistics and distribution costs throughout the country. And until 2005, we had the 0.01 centavo coin, which was taken out of circulation with the justification that the cost of manufacturing them was higher than the value of the currency itself. Why do real notes have different sizes? The main reason for issuing notes with different dimensions is to prevent counterfeiting attempts as well as to make it easier for the visually impaired to identify them. IDENTIFY IF YOUR MONEY IS REAL, some elements of authenticity were created, such as the watermark. To view it, hold the note up to the light and see, in the clear area, the figure of the animal and the number of the note's value, in tones that vary from light to dark. Puzzle. Hold the note up to the light and see that the parts of the design on the back complete those on the front, forming the number of the note's value. Security Thread. A dark thread is visible near the middle of the note when it is held up to the light. The value and the word “REAIS” are written on it. But note that the thread is only present on the 10, 20, 50 and 100 reais bills. Hidden number. When holding the note at eye level, in a horizontal position, in a place with plenty of light, you see the value of the note appear in the indicated areas. To define the look of the note, it was decided that they should have different colors for each value, but sharing the image of the effigy of the Republic. For the other side, the option was to print animals from the Brazilian fauna, in order to promote the preservation of the environment.

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