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| 正面描述 | The obverse is printed in black and green on white paper. At center, a large intaglio vignette shows a neoclassical government building set within a landscape; to the left stands a male figure in work attire, and to the right an allegorical female figure in classical robes holds a staff, rendered in fine line engraving. The upper register carries the issuing bank title across the full width, flanked by the denomination numeral '200' in corner medallions, with a small portrait vignette at upper left and the text 'DUZENTOS MIL REIS' along the lower portion accompanied by a treasury guarantee clause. |
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| 正面铭文 | BANCO DA REPÚBLICA DOS ESTADOS UNIDOS DO BRAZIL DUZENTOS MIL REIS RIO DE JANEIRO ESTAMPA 1A SERIE 1A 200 valor garantido por depósito em apólices no Thesouro Nacional, conforme o Decreto Nº 165 de 17 de Janeiro de 1890 DIRECTOR |
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The Banco da República dos Estados Unidos do Brazil was itself a creature of crisis — established in 1890 under Finance Minister Rui Barbosa's ill-fated "Encilhamento" reforms, a speculative credit expansion that flooded Brazil with paper money and ultimately collapsed in a severe financial panic by 1891. This note belongs to that initial emission, ordered from the American Bank Note Company as the newly proclaimed republic scrambled to build financial infrastructure from scratch within months of the November 1889 coup.
ABNC's Brazilian work of this period is generally well-executed, but the Encilhamento-era notes were issued so aggressively and in such volume that circulated survivors tend to show heavy wear.