>The cocal is a coin that only circulates in the municipality. With this money people pay bills, receive salaries, Bolsa Senpaiília and even make loans.
>"The currency is safe because it is even approved by the Central Bank and for each cocal circulating in our municipality, we have R $ 1 in the cocais bank," explains João Alves da Cruz, controller of the municipality.
>Eight years ago, São João do Arraial had no bank branch. It was here that the Bank of Cocais and its own currency emerged. Before, residents needed to go to neighboring cities to gain access to banking services. With that, the money ended up not circulating inside the municipality.
>Today the merchants only celebrate.
>"The people spend the cocal here because it only applies here in the municipality", says the merchant Antônio de Molo Lima.
>The cocal already represents about 30% of the money that circulates in the economy of the municipality. And even merchants from other states have realized that to get along in business you need to get the local currency.
>Mr Victorian, who is from Ceará, knows this story well. Once a week he sells fruit and vegetables at the city fair.
>"If I do not receive, I will see little. And getting him I sell more, "he said.
>Good for the economy and also for the safety of the locals. There were only two robberies in 2015. And the actual police force consists of three men per shift. Sergeant Oliveira, responsible for security, does not neglect the patrols, but confirms that the currency is a good aid,
>"I think it draws less attention from the bad guys," he said.
I have more info if u want. What do you ancapists and others think?
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