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10 Mil Réis Caixa de Conversão, 1st. Print

Uitgever Caixa de Conversão do Brasil
Jaar 1907
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Drukker Waterlow & Sons Limited, United Kingdom (1810-1961)
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Beschrijving voorzijde Sepia intaglio and lithographic print on paper. At center, an oval vignette contains a portrait of Afonso Augusto Moreira Pena (1847–1909), sixth President of Brazil (1906–1909); to the right, the Arms of the Republic; to the left, a allegorical female figure alongside the National Flag. Denomination numerals appear in the upper corners, with full bilingual inscription and legal text running across the face.
Opschrift voorzijde 10 10 REPÚBLICA DOS ESTADOS UNIDOS DO BRAZIL A CAIXA DE CONVERSÃO Pagará ao Portador á vista, no Rio de Janeiro a importância deste bilhete em ouro amoedado ao cambio em quinze dinheiros por Mil Réis, valor recebido nos termos da lei n. 1575 de 6 de Dezembro de 1906. 10 MIL RÉIS Waterlow & Sons Ltd Londres, Inglaterra.
(Translation: Republic of the United States of Brazil The Conversion Fund will pay the bearer on demand, in Rio de Janeiro, the amount of this note in coined gold at the rate of fifteen pence per Mil Réis, value received under the terms of law no. 1575 of 6 December 1906. Ten Thousand Réis Waterlow & Sons Ltd London, England.)
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Opmerkingen

The Caixa de Conversão was a short-lived currency board established in 1906 under Finance Minister Leopoldo de Bulhões, designed to stabilize the milréis by pegging it to gold at a fixed rate of 15 pence. The institution issued its own notes backed by gold deposits — a deliberate break from the inflationary paper emissions that had plagued Brazil since the Encilhamento crisis of the early 1890s.

Waterlow & Sons produced the plates in London, and this first print predates the 1910 revision series by three years. The Caixa was dissolved in 1914 when wartime gold flows made the peg untenable.

MISSCHIEN OOK INTERESSANT