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100 000 Cruzeiros 2nd Edition, 3rd Type

Issuer Banco Central do Brasil
Year 1985
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Value 100 000 Cruzeiros (100 000 BRB)
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Protection type Watermark
Protection description Portrait of Juscelino Kubitschek de Oliveira.
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Comments

The 100,000 Cruzeiros denomination itself tells the story of Brazilian monetary policy in the early 1980s — inflation was running above 200% annually by 1984, forcing the Banco Central to push note values into six-figure territory before the Cruzado reform of 1986 wiped the slate clean with a 1,000-to-1 redenomination. This is among the last issues of that doomed currency.

Czesław Słania's involvement on the obverse is the real point of distinction here. The Polish-Swedish master engraver — credited with over a thousand stamp engravings and regarded as the finest intaglio portraitist of the twentieth century — worked on remarkably few banknotes, making his presence in a Brazilian domestic issue genuinely unusual.

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