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| 正面描述 | Intaglio and lithographic print in black on orange and yellow underprint. Four seated female allegorical figures — representing Commerce, Agriculture, Government, and Justice — flank a central vignette of two cherubs, positioned at left and right margins. The note bears a serial number and series number in black, an order number in red, and the manuscript signature of the Treasurer of the Amortization Fund. |
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| 背面描述 | Printed in black on orange underprint with a restrained typographic layout. The central vignette presents a reclining female allegory of Literature holding a lamp, set against a spare compositional field. The denomination and statutory reference text are arranged around the central motif in letterpress. |
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The Banco do Brazil of 1890 was a private commercial institution, not to be confused with the state-owned Banco do Brasil that exists today. This note appeared during a period of extraordinary monetary turbulence: the newly proclaimed Republic had just launched the Encilhamento, a speculative credit boom engineered by Finance Minister Rui Barbosa that flooded Brazil with paper money and authorized a wave of new banks to issue their own currency. Several of those banks collapsed within years.
The American Bank Note Company's New York workshops handled most Brazilian fiduciary printing of the period, their engraved intaglio work being the standard against which domestic forgeries were measured — and routinely failed.