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10 Mil Réis Banco da República dos Estados Unidos do Brazil, 1st. Print, GandD
| Issuer | Banco da República dos Estados Unidos do Brazil |
|---|---|
| Year | 1891-1893 |
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| Size | 170 × 80 mm |
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|---|---|
| Obverse lettering | 10 10 BANCO DA REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL NO RIO DE JANEIRO 10 DEZ MIL REIS Pagavel em ouro nos termos do DECRETO Nº 253 DE 8 DE MARÇO DE 1890 O chefe da Emissão DEZ 10 DEZ MIL REIS 10 GIESSCKE & DEVRIENT LAEMMERT & Cº (Translation: Bank of the Republic of United States of Brazil in the Rio de Janeiro Ten Mil Réis Payable in gold under the terms of Decree No. 253 of 8 March 1890 The head of the Issue Ten Ten Thousand Réis Giesecke & Devrient Laemmert & Company) |
| Reverse description | Central vignette of the coat of arms of the República dos Estados Unidos do Brasil, flanked on both sides by the Arabic numeral 10. The denomination DEZ MIL REIS is repeated in the upper and lower registers, with the founding date of the Republic inscribed across the note. |
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| Comments |
The Banco da República dos Estados Unidos do Brazil was itself a product of the Encilhamento — the speculative bubble that followed the proclamation of the Brazilian Republic in 1889, during which the new government dramatically expanded money-issuing privileges to multiple regional and private banks. The result was runaway credit expansion, rampant share speculation, and eventual monetary collapse. This note was issued directly into that environment.
Giesecke & Devrient in Leipzig handled the printing, as they did for a substantial portion of Brazilian paper currency in this period. The bank itself was short-lived; by 1893 it had been absorbed into the Banco da República do Brasil following consolidation attempts to stabilize the wreckage of the Encilhamento.