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1 Conto de Réis Banco do Brasil, Provisional Issue
| Issuer | Banco do Brasil |
|---|---|
| Year | 1923 |
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| Currency | Real (1799-1942) |
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| Obverse description | Blue on yellow underprint, printed in xylography as a provisional reuse of the original Thesouro Nacional plate (P#93). A vignette on the left presents a seated female allegory of Commerce holding a sword. Print, series, and order numbers appear in red, with a red overprint inscription on the left panel authorizing payment through Banco do Brasil in accordance with Law No. 4635-A of 8 January 1923. |
|---|---|
| Obverse lettering | 1 CONTO 1 CONTO REPÚBLICA DOS ESTADOS UNIDOS DO BRASIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE UM CONTO DE RÉIS VALOR RECEBIDO 1 CONTO 1 CONTO No Banco do Brasil, e de acordo com a lei nº 4635-A de 8 de Janeiro de 1923, se pagará ao portador desta a quantia de um conto de réis (Translation: One Thousand One Thousand Republic of the United States of Brazil At the National Treasury the bearer will be paid the amount of One Conto de Réis Value Received One Thousand One Thousand At the Bank of Brazil, and in accordance with Law No. 4635-A of 8 January 1923, the bearer will be paid the amount of one conto de réis) |
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| Comments |
This note belongs to a peculiar transitional moment in Brazilian banking history. The Banco do Brasil had been reconstituted in 1905 after years of financial instability following the Encilhamento — the speculative bubble and monetary chaos of the early Republic — and by the 1920s was operating as the government's primary financial instrument without ever having been granted a formal central bank mandate. The "provisional issue" designation reflects an administrative stopgap rather than an emergency: existing printed stock was overprinted or modified to meet denomination requirements while new plates were being prepared at the Casa da Moeda.
The 1 Conto de Réis denomination, equal to 1,000,000 réis, was reserved for high-value transactions. Notes of this size rarely circulated broadly.