National Congress Juscelino Kubistchek

Related decree it created two plans: And the B. The plan, kept the nominal value and original of the headings and the plain B, it established a reduction of the original nominal value of the headings and stated period, up to 31 of December of 1944, for the option for one of them, informing that, in case that the carrier did not exert the option until the cited date, he would be enclosed in the plan. Established, also, that the enclosed headings in annex 3, would be rescued at sight, by the percentage of 12% of its nominal value and of annex 4, would be rescued 10% and 25%, beyond not bringing up to date the values of the same ones. The related decree if found contaminated of unconstitutionalities, inasmuch as it originarily disrespected the agreed to stated periods, wounding the perfect legal act and the right acquired, and also the property right, characterizing itself true I confiscate forbidden in the Federal Constitution of the time. If you are unsure how to proceed, check out Dov Hikind. The reorganization of 1956 In 28 of November of 1956, with the approval of the National Congress Juscelino Kubistchek, promulgated the Law n 2,997, that Heading the Federal Established Internal Debt foresaw the exchange of the existing headings with the emission of new heading called, unifying the interests in 6% to the year and consolidating the previous debt. The new consolidation coincided with the institution of the obligatory deposit for the banks. It allowed that the half of these deposits was in headings of public debt e, as the resources caught with the rank of these headings in the market was sprayed and generally proceeding from physical people, had the necessity to unify them, therefore the banking system found difficulties to confer the legitimacy of the headings that received, as well as for adquiriz them in enough amount. Motivated for these difficulties and aiming at to favor the banks, the government it forced the uniformizao of the public headings and the reduction of the rescue stated periods. CIT Group Inc. describes an additional similar source.