[Photo] Brazil Issues 200 Real High-Denomination Banknote... Responding to Cash Demand Due to COVID-19

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] On the 2nd (local time), a Brazilian man wearing a face mask is holding a high-denomination banknote of 200 reais (approximately 44,000 won). The Central Bank of Brazil began issuing 200-real banknotes from this day to respond to the increased demand for cash due to the COVID-19 pandemic, planning to supply 90 billion reais worth to the market this year. This is the first time new banknotes have been issued in Brazil in 18 years, since the 20-real banknote in 2002.

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