10 000 Cruzeiros 3rd edition

Brazil's early 1990s hyperinflation was severe enough that this 10,000 cruzeiro note — a large denomination when introduced — was effectively obsolete within months of issue. The cruzeiro itself was abolished in August 1993 and replaced by the cruzeiro real at a ratio of 1,000 to 1, instantly reducing this note's face value to ten cruzeiros reais. The series ran barely two years before the currency beneath it collapsed.

Pick 233 is the third distinct design iteration for this denomination, reflecting how quickly successive governments cycled through note redesigns during the inflationary period.