200 Mil Reis

Banco Credito Popular do Brazil was one of dozens of private banks granted note-issuing authority during the Encilhamento — the speculative boom that followed Brazil's sudden shift to republican government in 1889 and the loosening of banking restrictions under Finance Minister Ruy Barbosa. The resulting flood of paper money from competing private issuers fueled rampant inflation and a wave of fraudulent incorporations, with many banks existing primarily to print and circulate notes rather than conduct any meaningful lending.

The American Bank Note Company printed for numerous Brazilian private issuers during this period, often working from shared or adapted plate elements. Whether this particular institution survived long enough to redeem its obligations is doubtful — most Encilhamento-era private banks had collapsed or been wound up by 1892.