5000 Cruzeiros 3rd edition, Provisional issue

This provisional issue belongs to the chaotic opening months of the Collor government, when the March 1990 Plano Collor froze roughly 80% of all private bank deposits overnight — the most aggressive anti-inflation intervention in Brazilian history. Existing note stocks were overprinted rather than replaced entirely, as the Casa da Moeda simply could not produce new currency fast enough to meet demand once the freeze began lifting.

Pick 227 is a transitional piece in the truest sense: old plates, new political reality.