Goodbye Real (R$)!? Law Passed Establishes New Currency and Changes the Lives of Thousands of Brazilians

Written by Alisson Ficher

Published on 07/08/2024 at 10:52

Adeus real (R$)!? Lei aprovada estabelece nova moeda e muda a vida de milhares de brasileiros. (Imagem: reprodução)

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Exclusive Currency Is Changing The Lives Of Residents And Transforming The Local Economic Scenario!

Imagine a small city in southeastern Brazil where the money you know and use every day has simply ceased to exist.

The stores, markets, and even public services have all begun to operate with a different, mysterious, and exclusive type of currency.

In a surprising and innovative move, a new form of physical payment began to circulate, radically changing the lives of local residents.

ARTICLE CONTINUES BELOW

Details About Ubérrima

Ubérrima, abbreviated as UB$, was launched with the goal of retaining wealth in the municipality and increasing the number of local transactions.

Created by Municipal Law 1206 of 2022, the currency has five different values: 1, 2, 5, 10, and 20 ubérrimas, with each unit being worth the same as one real (R$ 1.00).

The investment for printing 70,000 bills was R$ 80,000, demonstrating the city’s commitment to revitalizing its economy.

Objectives And Impacts Of The New Currency

The main objective of Ubérrima is to encourage consumption within the municipality, ensuring that the wealth generated remains in the community.

As the currency is not accepted outside of Resplendor, residents are encouraged to spend locally, promoting a positive economic cycle.

So far, about 50 commercial establishments have adopted the new form of payment, displaying notices at the entrances to inform customers.

Ubérrima, the exclusive currency is changing the lives of residents and transforming the local economic scenario! (Image/ Disclosure) — **Ubérrima**, the exclusive currency is changing the lives of residents and transforming the local economic scenario! (Image/ Disclosure)

Acceptance And Regulation

It is important to note that, although not mandatory, the acceptance of Ubérrima has been growing among local merchants.

Those who have chosen to participate in the project highlight the benefits of keeping money circulating within the city.

According to the municipal government, the new currency has been well received by the population, who see it as an opportunity to strengthen the local economy and support businesses in Resplendor.

Furthermore, the municipal government states that merchant participation has increased, and new projects are being planned to expand the use of the currency.

Additionally, the administration is considering implementing additional incentives for businesses that accept Ubérrima, aiming to further increase its popularity and effectiveness.

How do you think the implementation of local currencies could impact the economy of other regions in Brazil? Share your opinion in the comments!

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Goodbye Real (R$)!? Law Passed Establishes New Currency and Changes the Lives of Thousands of Brazilians

Exclusive Currency Is Changing The Lives Of Residents And Transforming The Local Economic Scenario!

Details About Ubérrima

Objectives And Impacts Of The New Currency

Acceptance And Regulation

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Goodbye Real (R$)!? Law Passed Establishes New Currency and Changes the Lives of Thousands of Brazilians

Exclusive Currency Is Changing The Lives Of Residents And Transforming The Local Economic Scenario!

Details About Ubérrima

Objectives And Impacts Of The New Currency

Acceptance And Regulation

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

Bricklayers off the scaffolding? New system uses autonomous drones to position bricks and apply adhesive in the air, creating walls with two flying robots working as a team.

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