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| 正面描述 | Black intaglio on polychrome lithographic underprint. At right, within an ornate frame surmounted by decorative scrollwork, a vignette reproducing the painting "Saudade" by German artist Conrad Kiesel (1846–1921), depicting a contemplative female figure. The denomination and issuing authority legends are distributed across the face in letterpress. |
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| 正面铭文 | REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE DOIS MIL REIS VALOR RECEBIDO 2 2 DOIS AMERICAN BANK NOTE CO. NEW YORK (Translation: Republic of the United States of Brazil. At the National Treasury will be paid to the bearer of this note the sum of Two Thousand Réis. Value Received. Two. American Bank Note Co. New York.) |
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Brazil's Thesouro Nacional leaned heavily on the American Bank Note Company throughout the early Republic period, and this 11th Print 2 Mil Réis is part of a long-running series that saw successive printings as demand repeatedly outpaced supply. The "print" numbering system — estampas in Portuguese — is an unusually granular way of tracking a denomination's print history, and reaching an 11th iteration by 1918 reflects just how structurally dependent the Brazilian government had become on this denomination for everyday transactions during a prolonged period of monetary instability following the Encilhamento speculative collapse of the early 1890s.
ABNC-printed Brazilian notes from this period are prone to foxing along the margins due to the interaction between the paper stock and tropical storage conditions.