100 Mil Reis

Banco Credito Popular do Brazil was one of dozens of private banks granted note-issuing authority during Brazil's chaotic Encilhamento period — a speculative boom triggered by the 1888 abolition of slavery and the 1889 republican coup, when the provisional government dramatically loosened banking regulations to stimulate economic activity. The resulting proliferation of paper money, much of it poorly backed, contributed directly to the inflationary collapse of the early 1890s.

ABNC handled the printing, as they did for a significant portion of Brazilian private bank issues of this period, supplying notes to institutions whose operational lifespans were often measured in months rather than years. Whether this bank survived long enough to circulate its notes in any meaningful volume is genuinely unclear.