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Brazil Releases the Largest Value Bank Note

24 Sep 2020  Thu

The Central Bank of Brazil began putting its highest value bank note, a 200-real note; worth about USD 38, into circulation at the end of August 2020. It is the seventh denomination in the second series of reais bank notes, joining the 2-, 5-, 10-, 20-, 50- and 100-real denominations.

The note will show the “lobo guará,” or maned wolf, a 3-foot-tall animal weighing about 66 pounds. Its habitat in Brazil is the Cerrado, an endangered tropical Savannah that once covered an area to the east and south of the Amazon bigger than Great Britain, France and Germany combined. The banknote also shows the head of an allegorical female known as the Effigy of the Republic.

It is expected that 450 million of the new note will be printed this year. The entire series has security features including watermarks, color-changing numbers and holographic stripes, as well as raised lines to assist in non-visual identification.

Image Courtesy: coinworld.com

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