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500 Cruzeiros 3rd edition, overprinted on P# 222
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1990 |
| Type | Log in to see details |
| Value | 500 Cruzeiros (500 BRE) |
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| Composition | Log in to see details |
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| Obverse description | Intaglio and offset polychrome print on the underlying Cruzados Novos issue. At right, a portrait vignette of naturalist Augusto Ruschi (1915–1986) is flanked by allegorical renderings of flora and fauna, with a Cattleya labiata warneri orchid — the emblematic flower of Espírito Santo state — rendered in fine detail. At centre, a rectangular overprint stamp in contrasting colour denotes the revalued denomination of 500 Cruzeiros, with the original Cruzados Novos legends remaining visible beneath. |
|---|---|
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| Signature(s) | series A3701 - A7700 - Maílson Ferreira Da Nóbrega & Wadico Waldir Bucchi |
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| Comments |
This note is a direct product of the Plano Verão, the short-lived 1989 stabilization package under Finance Minister Maílson da Nóbrega, which froze prices and temporarily slowed — but could not stop — the hyperinflationary spiral that was consuming the cruzado. Rather than print entirely new stock, the Casa da Moeda simply overprinted existing P#222 sheets, a stopgap that reflects exactly how fast the situation was moving. By 1990, the cruzeiro itself would be replaced by the cruzeiro novo under Collor's far more aggressive Plano Brasil, rendering this issue obsolete within months of production.