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10 Reais Pedro Álvares Cabral

Issuer Banco Central do Brasil
Year 2000-2001
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Printer Casa da Moeda do Brasil, Brazil
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Obverse lettering BANCO CENTRAL DO BRASIL 10 PEDRO A. CABRAL MINISTRO DA FAZENDA PRESIDENTE DO BANCO CENTRAL DO BRASIL Dez Reais
(Translation: Central Bank of Brazil 10 Pedro A. Cabral Finance Minister President of the Central Bank of Brazil Ten Reais)
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Signature(s) Pedro Sampaio Malan and Arminio Fraga Neto
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Comments

Issued specifically to commemorate the 500th anniversary of the Portuguese arrival in Brazil, this note was the Banco Central do Brasil's first polymer issue — Casa da Moeda do Brasil printing on Guardian substrate rather than cotton paper. The transition was not seamless: early production runs showed adhesion problems with the intaglio ink layers, a known technical complaint with the series that collectors should examine closely on any example.

The commemorative mandate gave it a fixed lifespan. Most were pulled from circulation well before the polymer wore out, which is why heavily circulated survivors are genuinely harder to find than uncirculated ones.