Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
20 Mil Réis Banco do Brazil
| Issuer | Banco do Brazil |
|---|---|
| Year | 1890 |
| Type | Log in to see details |
| Value | 20 000 Réis (20 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO DO BRAZIL, Rio de Janeiro. NA THESOURARIA DO BANCO SE PAGARÁ AO PORTADOR EM MOEDA DE OURO E A VISTA A QUANTIA DE VINTE MIL RÉIS NOS TERMOS DO DECRETO NÚMERO 253 DE 8 DE MARÇO DE 1890. 20 (Translation: Bank of Brazil, Rio de Janeiro. In the Treasury the bank will pay itself to the bearer in gold coin at sight the amount of Twenty Thousand Reis, under the terms of Decree number 253 of March 8, 1890. Twenty Thousand Reis) |
| Reverse description | Log in to see details |
| Reverse lettering | LEI Nº 3403 DE 24 DE NOVEMBRO DE 1888. 20 VINTE MIL REIS (Translation: Law no. 3403 of November 24, 1888. Twenty Thousand Reis) |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The Banco do Brazil — distinct from the later Banco do Brasil — was a private commercial bank that received federal authorization to issue currency during the tumultuous early months of the First Brazilian Republic. The 1890 issues coincide directly with the Encilhamento, Finance Minister Rui Barbosa's aggressive credit expansion policy that flooded Brazil with bank-authorized paper and touched off a speculative bubble of remarkable intensity. Multiple banks were granted emission rights simultaneously, producing a chaotic proliferation of notes that the market struggled to absorb.
ABNC produced the plates in New York under contract, a common arrangement for Latin American issuers who lacked domestic security printing capacity. Single-signatory authorization — here Antônio Arnaldo Vieira da Costa alone — was characteristic of the bank's emission structure throughout this series.