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20 Mil Reis

Issuer Banco Emissor do Norte
Year 1890
Type Standard circulation banknote
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Reverse description Printed entirely in blue intaglio, the reverse centres on a vignette of a wide colonial boulevard lined with tall royal palms leading to a large institutional building, rendered with fine engraved line-work. To the right, a large ornate guilloche panel bears the bold numeral 20. The border is composed of intricate lathe-work and rosette patterns framing the whole composition, with the bank name BANCO EMISSOR DO NORTE in letterpress along the lower margin.
Reverse lettering DECRETO N° 499 DE 19 DE JUNHO DE 1890
BANCO EMISSOR DO NORTE
20
AMERICAN BANK NOTE COMPANY, NEW YORK.
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Comments

Banco Emissor do Norte was one of several regional banks granted note-issuing authority under Brazil's sweeping 1888–1890 banking reforms, which briefly decentralized emission away from the central government before the whole experiment collapsed in the speculative chaos of the Encilhamento. This note dates from that window — a period of intense monetary expansion that ended badly, with most of these regional institutions either dissolved or absorbed within a few years.

ABNC's New York presses handled a substantial volume of Brazilian provincial bank paper during this period. Attribution to a specific engraver within the firm is not established for this series.