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100 000 Cruzeiros 2nd Edition, 3rd Type

Issuer Banco Central do Brasil
Year 1985
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Currency Cruzeiro novo (1967-1986)
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Obverse lettering BANCO CENTRAL DO BRASIL 100 000 PRESIDENTE DO CONSELHO MONETÁRIO NACIONAL PRESIDENTE DO BANCO CENTRAL DO BRASIL JUSCELINO KUBITSCHEK 100 000 cem mil cruzeiros CASA DA MOEDA DO BRASIL
(Translation: Central Bank of Brazil 100 000 President of the National Monetary Council President of the Central Bank of Brazil Juscelino Kubitschek 100 000 One Hundred Thousand Cruzeiros Brazilian Mint)
Reverse description At left, in the foreground, a vignette of the National Congress building; to the left of the composition, the Catetinho presidential residence, and to the right, the Alvorada Palace. The architectural subjects are rendered in a refined intaglio style evoking the modernist urban development of Brasília.
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The 100,000 Cruzeiros denomination itself tells the story of Brazilian monetary policy in the early 1980s — inflation was running above 200% annually by 1984, forcing the Banco Central to push note values into six-figure territory before the Cruzado reform of 1986 wiped the slate clean with a 1,000-to-1 redenomination. This is among the last issues of that doomed currency.

Czesław Słania's involvement on the obverse is the real point of distinction here. The Polish-Swedish master engraver — credited with over a thousand stamp engravings and regarded as the finest intaglio portraitist of the twentieth century — worked on remarkably few banknotes, making his presence in a Brazilian domestic issue genuinely unusual.

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