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100 Mil Réis Caixa de Estabilização, 1st. Print

Issuer Caixa de Estabilização do Brasil
Year 1927
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Engraver(s) Sukeichi Oyama
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Obverse description Printed in black on polychrome underprint, combining intaglio and lithographic techniques. At centre, a classical female bust representing the Republic and Liberty — an allegorical figure in the tradition of Marianne — executed in fine intaglio engraving, flanked on either side by the denomination numeral 100. The overall layout is framed by ornamental guilloche borders typical of American Bank Note Company production.
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Reverse description Printed in green in intaglio. The central vignette presents a frontal architectural view of the Caixa de Estabilização building, rendered with fine engraved detail. The composition is framed by ornamental borders, with the denomination numeral 100 repeated at the corners.
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The Caixa de Estabilização was a short-lived currency board established in 1926 under the Epitácio Pessôa-era monetary reforms pushed through by President Washington Luís, pegging the milréis to gold at a fixed rate. The institution was dissolved in 1930 — almost immediately after the Revolution of 1930 toppled the Old Republic — and its notes were withdrawn with it, limiting their effective circulation window to roughly three years.

The engraver credit to Sukeichi Oyama is the detail worth noting. One of very few Japanese-born craftsmen to work within the ABNC's engraving department in New York, Oyama's presence on this plate is an uncommon attribution for a Brazilian government issue of the period.

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