Have you ever wondered why the R$ 1 banknote went out of circulation? The use of the 1 real note began in 1994, thanks to the Real plan, but it was only in use for 11 years. That's because in 2005 they stopped circulating. Today we will tell you a little more about this ballot and why it is no longer used.
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Firstly, it is important for you to know that the R$ 1 bill appeared together with the Plano Real, which, in short, was a set of of economic reforms that came into force in Brazil in 1994, whose main objective was to reduce hyperinflation in the country.
As for the R$1 bill, more specifically, it entered circulation on July 1 of that year. The appearance was green in color, with a bird (hummingbird) feeding chicks in its nest. It is relevant that you know that, according to the Central Bank (BC), it has not officially gone out of circulation, however, it has stopped being produced.
The explanation for the interruption in the production of this banknote is that issuing coins is more cost-effective compared to banknotes, due to their durability. With this in mind, the Central Bank has promoted the replacement of the R$ 1 note by coins since 2005.
It should be noted that any notes from the first family of the Real that were put into circulation are still valid and, therefore, will naturally be replaced by banknotes from the second family.
There are people who collect old banknotes and coins. These items often go on to be worth considerable sums once they become rare objects. In this sense, know that your old R$ 1 bills can be worth much more now!
There are auction sites on the internet, and even if it has already been used, a R$ 1 bill usually sells for up to R$ 20. In addition, the rarer banknotes, which have a smaller print run and are classified by specialists as “print flowers”, can be worth R$ 100.
