Catalog
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| Issuer | Thesouro Nacional do Brazil |
|---|---|
| Year | 1908 |
| Type | Standard circulation banknote |
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| Obverse description | Lithographed in sepia over an ochre underprint, the obverse bears at left a vignette of a seated allegorical female figure posed before the arms of the Republic. Blank reserve fields in the upper right corner and central area carry watermarks of the interlaced letters RB and the legend CINCO MIL RÉIS. Denomination numerals and the full text of the Thesouro Nacional payment obligation are distributed across the note's surface. |
|---|---|
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| Protection type | Watermark |
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| Comments |
The 12th Print designation marks a late iteration within a long-running Thesouro Nacional series that stretched across Brazil's turbulent transition from empire to republic. By 1908 the federal treasury was managing paper money issuance directly through the Casa da Moeda in Rio de Janeiro — a consolidation that followed the monetary chaos of the Encilhamento speculation crisis of the early 1890s, when reckless credit expansion had flooded the country with depreciating paper.
Georges Duval's involvement as designer points to the persistent French influence on Brazilian official engraving in this period. The watermark remains the sole mechanical security feature — modest by contemporary European standards, but consistent with Casa da Moeda's production capabilities at the time.