Instituto E-Dinheiro Brasil

IM-01 2 (only accredited community and municipal banks may issue), IM-02 4 (units are created against deposited reais or municipal benefit budgets, not borrowed into existence, though community banks also lend in social currency), IM-03 2 (issuance tracks benefit budgets and deposits, not any measure of economic activity), IM-04 3 (elastic and uncapped, but a municipality can set the volume), IM-05 4 (merchants redeem for reais, so supply contracts routinely). Average 3.0.

SPS-01 3 (full reserve plus redemption at par, mechanical rather than algorithmic), SPS-02 2 (the benchmark is the Brazilian real), SPS-03 2 (reserves are held by the institute and are not independently audited in public), SPS-04 4 (parity held since 2014 with no reported break), SPS-05 2 (price stability and purchasing power are treated as the same thing), SPS-06 2 (each currency works only in its own territory). Weighted 2.6.

FI-01 1 and FI-02 1 (hard one to one with the real, reserves are entirely reais), FI-03 2 (needs bank and payment rails), FI-04 1, FI-05 2, FI-06 1 (parity is permanent by design). FI-07 5 is what lifts the category: 182 separate local currencies run on one shared standard, which is the clearest live case of local expression on a common base in the catalogue. FI-08 2 (the platform is proprietary, no open cross-system standard). Weighted 2.0.

TR-01 5, TR-02 5 (running since 2014), TR-03 4 (over 100,000 people receive social benefits through it), TR-04 4 (accredited merchants across 180-plus communities), TR-05 2 (prices stay in reais, the social currency is quoted at parity), TR-06 5 (Joaquim Melo of Banco Palmas still directs it), TR-07 5 (municipalities, the community bank network, federal programmes), TR-08 5 (IPEA and peer-reviewed academic work), TR-09 2 (adoption is driven by municipal benefit payments), TR-10 4, TR-11 4 (the Banco Palmas solidarity-economy lineage). Weighted 3.7.

SO-01 2 and SO-04 1 are the anchors: the institute holds every balance and the central bank regulates the arrangement. SO-02 2 (proprietary platform), SO-03 2 (Brazil only), SO-05 3, SO-06 2 (banking rails), SO-07 2 (accounts can be frozen and eligibility is set by the payer), SO-08 1 (full identity and full spending visibility, a concern the IPEA paper raises by name), SO-09 2 (the rules are policy and code the operator controls). Weighted 1.7.

GO-01 3 (a nonprofit with statutes and a board), GO-02 2, GO-03 2 (the platform itself is a black box), GO-04 2, GO-05 2, GO-06 2, GO-07 3 (the community bank methodology is a stated doctrine), GO-08 3 (nine municipalities created their currency by municipal law, which is a real constraint on changing the issuance rule). Weighted 2.4.

RE-01 4 (it exists because the 2013 payments law forced a redesign, and it came through that plus the pandemic benefit surge), RE-02 2, RE-03 2 (data and code sit with the institute), RE-04 4 (a one to one prepaid wallet is simple), RE-05 3, RE-06 3 (fully reserved, but it imports whatever the real does), RE-07 4 (fees and municipal contracts have funded it for eleven years), RE-08 2, RE-09 2. Weighted 2.8.

IN-01 3 (open to anyone in the territory), IN-02 5 (services are mostly free), IN-03 5 (it was built for exactly this population), IN-04 4 (a nonprofit, fees go back into the community bank network), IN-05 4, IN-06 2 (identity and social registry enrolment are required), IN-07 4 (money is designed to circulate locally rather than accumulate). Weighted 3.7.