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100 Mil Réis Banco Emissor do Norte
| Issuer | Banco Emissor do Norte |
|---|---|
| Year | 1890 |
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| Currency | Real (1799-1942) |
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| Obverse description | Black intaglio on yellow and orange underprint. At right, a seated female allegory of Navigation; the coat of arms of the Brazilian Republic occupies the center; cherubs appear at bottom center. Print and series numbers in black, order number in red. Issued as Specimen only. |
|---|---|
| Obverse lettering | REPÚBLICA DOS ESTADOS UNIDOS DO BRAZIL BANCO EMISSOR DO NORTE PARÁ NA THESOURARIA DO BANCO SE PAGARÁ AO PORTADOR EM MOEDA DE OURO E À VISTA A QUANTIA DE 100 CEM MIL RÉIS NOS TERMOS DO DECRETO NÚMERO 253 DE 8 DE MARÇO DE 1890, ART 1º & 2º CEM American Bank Note Co., New York (Translation: Republic of United States of Brazil Northern Issuing Bank In the bank`s treasury the amount will be paid in gold and in sight One Hundred Thousand Reis In accordance with the Decree number 253 of March 8, 1890, Art 1 and 2 One Hundred American Bank Note Co., New York) |
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The Banco Emissor do Norte was one of several regional issuing banks created almost overnight following Brazil's sweeping banking reform of 1888–1890, when the newly proclaimed Republic dismantled the Banco do Brasil's monopoly and authorized a rush of provincial institutions to issue their own currency. The experiment was short-lived and chaotic — the period is remembered in Brazilian monetary history as the "Encilhamento," a speculative bubble of extraordinary violence that collapsed in the early 1890s, wiping out many of these banks entirely.
The ABNC plate work on this series is typically accomplished, though the bank itself had little time to establish any meaningful circulation before the crisis overtook it.