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10 Mil Reis

Issuer Thesouro do Estado de S. Paulo
Year 1932
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Value 10 Mil Reis
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Obverse lettering THESOURO DO ESTADO DE S. PAULO BRAZIL
PRO-CONSTITUIÇÃO
10
DEZ MIL REIS
DOMINGOS JORGE VELHO
O portador deste receberá no Thesouro do Estado de S. Paulo a quantia de 10$000 (dez mil reis) de acordo com o Decreto N° 5585 de 14 de Julho de 1932.
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Reverse lettering BONOS
DO THESOURO DO ESTADO
PRO-CONSTITUIÇÃO
SÃO PAULO
10
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Comments

The Thesouro do Estado de S. Paulo issued emergency state treasury notes during the Constitutionalist Revolution of 1932, when São Paulo rose against Getúlio Vargas's provisional federal government. Cut off from federal financial channels and funding a months-long military campaign largely on its own, the state treasury resorted to locally printed paper to keep commerce and payroll functioning. These were not federal-sanctioned instruments.

The revolution was crushed by October 1932. State emergency issues were subsequently withdrawn and most destroyed, which accounts for the relative scarcity of surviving examples across the series.

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