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20 Mil Reis

发行方 Banco Emissor da Bahia
年份 1890
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货币 Real (1833-1942)
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正面描述 The obverse carries a large central vignette of Emperor Dom Pedro II in right-facing portrait, set within a circular frame at the right side, with the denomination numeral 20 repeated in each corner. To the left, an allegorical group of two classical female figures flanks a globe and shield, rendered in fine intaglio engraving. The upper portion bears the inscriptions IMPERIO and BRASIL in bold lettering, with BANCO EMISSOR DA BAHIA and AO THESOURO NACIONAL SE PAGARA in the upper right, and VINTE MIL REIS / VALOR RECEBIDO across the centre, with guilloche underprint throughout.
正面铭文 IMPERIO
BRASIL
BANCO EMISSOR DA BAHIA
AO THESOURO NACIONAL SE PAGARA
AO PORTADOR DEVO A QUANTIA DE
VINTE MIL REIS
VALOR RECEBIDO
ESTAMPA
SERIE
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The Banco Emissor da Bahia was one of several regional banks authorized under Brazil's 1888–1890 banking reforms, a chaotic liberalization period known as the Encilhamento, during which the imperial and early republican governments granted sweeping note-issuing privileges to provincial banks. The predictable result was overissue, speculation, and rapid inflation. Many of these institutions failed within a few years, and their notes became worthless before the decade was out.

Notes from this bank are scarce in any grade — the Bahia issuer had a short operational window, and surviving paper from the period has suffered badly from Brazil's climate.