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1000 Cruzeiros Thesouro Nacional, 1st print, 'Valor Legal'

Issuer Tesouro Nacional (National Treasury of Brazil)
Year 1961-1963
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Value 1000 Cruzeiros (1000 BRZ)
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Obverse lettering REPUBLICA DOS ESTADOS UNIDOS DO BRASIL 1000 1000 TESOURO NACIONAL 1000 1000 1000 1000 DIRETOR CAIXA DE AMORTIZAÇÃO MINISTRO DA FAZENDA PEDRO ALVARES CABRAL 1000 1000 MIL CRUZEIROS VALOR LEGAL AMERICAN BANK NOTE COMPANY.
(Translation: Republic of the United States of Brazil National Treasury Director of the Amortization Fund Finance Minister Pedro Alvares Cabral One Thousand Cruzeiros Legal Amount American Bank Note Company.)
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Reverse lettering REPÚBLICA DOS 1000 1000 PRIMEIRA MISSA ESTADOS UNIDOS DO BRASIL AMERICAN BANK NOTE COMPANY.
(Translation: Republic of the First Mass United States of Brazil American Bank Note Company.)
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Comments

Walter Moreira Salles served as Finance Minister under Jânio Quadros, whose erratic seven-month presidency ended in August 1961 with a sudden resignation that threw Brazil into immediate constitutional crisis. The notes bearing his signature were already in circulation before the political ground shifted. Miguel Calmon's appearance on the later series reflects the ministerial reshuffling that followed under João Goulart — a presidency that would itself end in a 1964 military coup.

The 'Valor Legal' overprint distinguishes this from the earlier 'Estampa' issues and was applied as Brazil's chronic inflation began accelerating sharply into the early 1960s. ABNC printed the series in New York, a long-standing arrangement for Brazilian high-denomination paper.

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