CMN Resolution No. 4602 — Amending Resolution No. 4,520 of September 16, 2016, Establishing Guidelines for the Acquisition of Banknotes and Coins for Circulation Services

The Central Bank of Brazil, pursuant to Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in a session held on September 28, 2017, based on Article 4, item II, of the aforementioned Law and Article 1, sole paragraph, of Law No. 13,416 of February 23, 2017,

R E S O L V E D:

Article 1. Resolution No. 4,520 of September 16, 2016, shall enter into force with the addition of the following Article 2-A:

“Article 2-A. In the Annual Production Plan for the calendar year 2018, the Central Bank of Brazil must, on an exceptional basis, allocate to the contracting of the Brazilian Mint (Casa da Moeda do Brasil) a minimum percentage of 80% (eighty percent) of the portion of the OAM linked to the acquisition of currency.

§ 1. In the acquisition of currency within the limits provided for in this article, the Central Bank of Brazil shall seek to negotiate prices compatible with those contracted with the Brazilian Mint regarding the calendar year 2017, and in the impossibility of contracting under these terms, it shall be authorized to reduce the minimum percentage provided for in the main text.

§ 2. The provisions of Article 2 of this Resolution apply to the situation provided for in this article.” (NR)

Article 2. This Resolution enters into force on the date of its publication.

Ilan Goldfajn
President of the Central Bank of Brazil