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100 Mil Reis

Issuer Thesouro do Estado de S. Paulo
Year 1932
Type Standard circulation banknote
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Obverse lettering THESOURO DO ESTADO DE S. PAULO. BRAZIL
PRO-CONSTITUIÇÃO
FERNÃO DIAS PAES LEME
CEM MIL REIS
O portador deste receberá no Thesouro do Estado de S. Paulo a quantia de 100$000 (cem mil réis) de accordo com o Decreto N.° 5585 de 14 de Julho de 1932.
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Reverse lettering BONUS
DO THESOURO DO ESTADO
PRO CONSTITUIÇÃO
SAO PAULO
100
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Comments

The Thesouro do Estado de S. Paulo issued this note during the Constitutionalist Revolution of 1932, when São Paulo rose against Getúlio Vargas's federal government following his 1930 coup. Cut off from federal financial channels, the state treasury printed its own emergency currency to pay troops and maintain commerce during the three-month conflict. Companhia Melhoramentos — primarily known as a paper mill and printer of books and school materials — was pressed into service because it was simply available.

The revolution collapsed in October 1932. Most of these notes were withdrawn quickly, and survival rates reflect that short window.

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