Tuesday, March 9, 2021

Maned wolf in sight: entities ask FTS to take R $ 200 bills from circulation – Prime Time Zone

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Groups say ballots facilitate the practice of corruption and help organized crime; highest value of the royal family was launched in 2020 for the payment of emergency aid

WikimediaManed wolf was the animal chosen to print the R $ 200 bills

Anti-corruption entities resorted to the Superior Federal Court (STF) to take the $ 200 bills circulation, or set a deadline for its validity. The application was delivered to the Minister Carmén Lucia, who since August 2020 is the rapporteur of a request filed by political parties against the ballot launch. The last member of the royal family, stamped by the maned wolf, was released in early September last year. At the time, the central bank justified the launch of the note on the risk of shortage of banknotes with the payment of emergency aid. The monetary authority also stated that the idea of ​​releasing the new note was studied in 2010, and that the payment of the benefit generated the urgency for higher-value bills. For activists, however, the $ 200 notes facilitate the practice of illicit acts, especially those related to corruption and organized crime. “It is also worth reiterating that, if, on the one hand, expanding the monetary base with higher-value notes can facilitate the logistics of distributing values ​​among financial institutions, on the other hand, it is also certain to increase the attractiveness for gangs specialized in theft of ATMs and transport companies, which is especially worrying when there are more and more frequent and terrifying cases of bank robbery ”, says the group.

According to the document, the launch of the ballot did not comply with the premises exposed by the Central Bank, since the new R $ 200 notes were put into circulation only in September, when the emergency aid had already been reduced to R $ 300. “Since then, only 12% of the notes that the Central Bank itself said it would have to issue in 2020 were put into circulation. In other words, the monetary authority stated that without the issuance of 450 million new notes in 2020, which would add up to R $ 90 billion, there would be a serious risk of running out of cash to pay for emergency aid. Well then. The last installment of the aid was paid last month and only 53 million of those notes had been in circulation by December 31. ” The entities that sign the document argue that the launch of high-value banknotes goes against the instructions of international anti-corruption organizations, and uses the discontinuity of the circulation of the 500 euro banknote in 2018 as an example. The group also recalls that in 2019 met with the Central Bank to plead for the extinction of the R $ 100 notes. “However, just over a year after stating that it shared this concern and that it studied this possibility, the bank acted in the opposite direction: it created the note of R $ 200 and also imposed confidentiality on documents that would have supported the decision. ”

The letter is signed by the Instituto Não Aceito Corrupção, Transparência Partidária, National Confederation of Careers and Typical Activities of the State, Transparência Brasil, National Association of External Control Auditors of the Brazilian Courts of Auditors, Democratic Public Ministry, Association of External Control Auditing of the Federal Audit Court and National Association of the Public Prosecutor’s Office. Economy Minister Paulo Guedes himself signaled that the notes would not last long. In October, a month after the launch, the head of the economic team said that with the end of the pandemic “the maned wolf will retire.” “This big bill was invented because we had a logistical problem with paying people. The simplest people did not have access to digital tools ”. According to the minister, the trend around the world is the launch of smaller bills to hinder criminal actions, and that Brazil is modernizing its payment systems with the launch of the PIX, the Central Bank’s digital transfer tool. “With Pix, the future is less money in hand and simpler bills. In the future the maned wolf will end, the R $ 200 note, R $ 100 ”.

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Maned wolf in sight: entities ask FTS to take R $ 200 bills from circulation - Prime Time Zone