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Bolsonaro Signs Decree to Privatize The Brazilian Mint
Published 17 October 2019 (14 hours 54 minutes ago)
Brazil's far-right President Jair Bolsonaro issued a decree Tuesday which includes the Brazilian Coin House (Casa da Moeda) in the National Privatization Program (PND). The National Bank for Economic and Social Development (BNDES) will monitor the sale of this historic public asset.
"The Mint was born to guarantee national sovereignty. Its creation met the demand of a booming economy during the Brazilian mining cycle in the late 17th century," local media Racoontaai recalled.
"It can produce 3.5 billion banknotes and 4 billion coins a year, apart from the issuance of postage and holographic stamps, passports and other products which are sold to Brazil and the world."
Aluizio Junior, the National Union of Coin Acceptors president, criticized harshly the decision taken by the Bolsonaro administration.
“The Mint managers acted in ways which do not protect the interests of the company and its employees... They are dismantling the Mint to hand it over to private interests," Junior said and added that it seems abusive to place national essential services in hands of foreign private investors.
More:
https://www.telesurenglish.net/news/Bolsonaro-Signs-Decree-to-Privatize-The-Brazilian-Mint-20191017-0006.html
