Catalog
100 Mil Réis Caixa de Conversão, 1st. Print
| Issuer | Caixa de Conversão |
|---|---|
| Year | 1910 |
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| Currency | Real (1799-1942) |
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| Obverse description | Green intaglio and lithographic print on yellow-tinted paper. At centre, an oval vignette with a portrait of Afonso Augusto Moreira Pena (1847–1909), 6th President of Brazil (1906–1909); to the right, a vignette of the Conversion Fund building; to the left, the Arms of the Republic. |
|---|---|
| Obverse lettering | REPÚBLICA DOS ESTADOS UNIDOS DO BRAZIL 100 100 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. CEM MIL RÉIS Waterlow & Sons Ltd Londres, Inglaterra. (Translation: Republic of the United States of Brazil The Conversion Fund will pay the bearer in cash, in Rio de Janeiro, the amount of this gold-plated ticket in exchange for fifteen money per Mil Reis amount received under the terms of law no. 1575 of December 6, 1906. One Hundred Thousand Reis Waterlow & Sons Ltd London, England.) |
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The Caixa de Conversão was a Brazilian currency stabilization board established in 1906 under Finance Minister Leopoldo de Bulhões, designed to peg the mil-réis to gold at a fixed rate and halt the chronic depreciation that had plagued Brazilian exchange since the 1890s. The institution issued its own convertible notes backed by gold reserves — a deliberate departure from the Banco do Brasil's unbacked emissions — and this 100 Mil Réis belongs to the first print run authorized under that framework.
Waterlow & Sons produced the plates in London. The Caixa itself was dissolved in 1914 when the gold standard became untenable after the outbreak of World War I, making the entire note series short-lived by design.