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1 Cruzeiro reused from 1 Mil Réis P# 110B
| Issuer | Banco do Brasil |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | 1 Cruzeiro (1 BRZ) |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Polychrome intaglio design centred on the Coat of Arms of the Republic of the United States of Brazil, flanked on either side by a large numeral 1. A guilloche border frames the central vignette, with the printer's imprint of the American Bank Note Company at the base. |
| Reverse lettering | BANCO DO BRASIL 1 1 1 ESTADOS UNIDOS DO BRASIL 15 DE NOVEMBRO DE 1889 AMERICAN BANK NOTE COMPANY. (Translation: Bank of Brazil United States of Brazil November 15, 1889 American Bank Note Company.) |
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| Comments |
When Brazil decimalised and replaced the milréis with the cruzeiro in 1942, the Banco do Brasil faced an immediate shortage of low-denomination notes. Rather than commission entirely new plates, existing stocks of the 1 Mil Réis (P#110B) were overprinted — the conversion rate was straightforward, one cruzeiro to one milréis — and released into circulation bearing the new currency name on old paper.
The ABNC plates dated from an earlier contract, and the overprint arrangement was purely stopgap. Transitional issues like this rarely survived heavy use in good shape; the paper was already aged before the ink dried on the new denomination.