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100 Mil Réis Caixa de Conversão, 1st. Print
| Issuer | Caixa de Conversão |
|---|---|
| Year | 1910 |
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| In circulation to | 1931 |
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|---|---|
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| Reverse description | Green intaglio print. At centre, a large rectangular panel with a scenic vignette of the Jardim Botânico (Botanic Garden) in Rio de Janeiro, framed by typographic and guilloche borders with the denomination and issuer inscriptions repeated at upper and lower margins. |
| Reverse lettering | A CAIXA DE CONVERSÃO 100 100 CEM MIL RÉIS REPÚBLICA DOS ESTADOS UNIDOS DO BRAZIL Waterlow & Sons Ltd Londres, Inglaterra. (Translation: The Conversion Fund One Hundred Thousand Reis Republic of the United States of Brazil Waterlow & Sons Ltd London, England.) |
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| Comments |
The Caixa de Conversão was a Brazilian currency stabilization board established in 1906 under Finance Minister Leopoldo de Bulhões, designed to peg the mil-réis to gold at a fixed rate and halt the chronic depreciation that had plagued Brazilian exchange since the 1890s. The institution issued its own convertible notes backed by gold reserves — a deliberate departure from the Banco do Brasil's unbacked emissions — and this 100 Mil Réis belongs to the first print run authorized under that framework.
Waterlow & Sons produced the plates in London. The Caixa itself was dissolved in 1914 when the gold standard became untenable after the outbreak of World War I, making the entire note series short-lived by design.