Basic income around the world of President Luiz Inácio Lula da Silva's social policy, and is reputed to have played a role in his victory in the Brazilian presidential election, 2006. An independent and privately funded pilot project is currently in place in Brazil in Quatinga Velho The project started 2008 and is organized by the non-profit organization ReCivitas. It provides R$30 monthly which is 4.4% of the minimum salary in 2013 (as defined by the federal government) and is not enough to meet basic needs. "The real value of R$30,00 Basic Income at Quatinga Velho, just is sufficient to help people satisfy the most
Circulation (currency) Circulation (currency) In monetary economics, circulation is the continuing use of individual units of a currency for transactions. Thus currency in circulation is the total value of currency (coins and paper currency) that has ever been issued minus the amount that has been removed from the economy by the central bank. More broadly, money in circulation is the total money supply of a country, which can be defined in various ways always including currency and also including some types of bank deposits. Standard money is the basic currency circulating within a monetary system. It has legal recognition for prices and