Catalog
0 Real Monte Castelo
| Issuer | Brazil |
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| Year | |
| Type | Fantasy banknote |
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| Obverse description | The obverse bears a central vignette of soldiers from the Brazilian Expeditionary Force engaged in the Battle of Monte Castelo during World War II. The design commemorates the capture of Monte Castelo on 21 February 1945, with the national designation and battle title inscribed across the note. |
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| Reverse lettering | REPÚBLICA FEDERATIVA DO BRASIL ZERO REAL (Translation: Federative Republic of Brazil Zero Real) |
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| Comments |
The "0 Real" municipal scrip notes issued by small Brazilian municipalities in the early 1990s belong to one of the stranger episodes in modern monetary history. Following the Collor Plan's catastrophic freezing of bank accounts in March 1990, liquidity in daily commerce collapsed almost overnight. Several interior towns — Monte Castelo among them — responded by issuing their own local currency outside any federal authorization, simply to keep markets functioning.
Monte Castelo is a small municipality in Santa Catarina state. The denomination "0 Real" predates the federal Real currency introduced in 1994, making the name coincidental rather than derivative.