Financial activity and currency: analisys of the experience of “conjunto palmeiras” in Fortaleza-CE

The National Monetary Council (CMN) regulates and controls the activities of financial institutions which participate in National Financial System (SFN). Such control is critical since the financial system if suceptible to confindence crisis and massive withdrawls, and yet engages monetary policies aiming at controling inflation rates. One of the instruments to control inflation is the issuance of currency since, according to Federal Contituition of 1988, the incumbecy of issuing, controlling and regulation the offical currency if exclusive of the Union. However, several experiences of “solidary economy” in which production and consumption networks are found, in addition to alternative means of payment. The scope of this article is to analyse the experience of “Conjunto Palmeiras” in Fortaleza, Ceará, its structure, its projects and specially the issuance of the social currency of the neighborhood (Palma, P$), as well as a microcredit and funding project for local residents, verifying if such experience complies with the SFN rules since such activities are only allowed to financial institutions.

national financial system; “solidary economy”; currency; means of payment; “conjunto palmeiras”


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