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20 Mil Reis

Issuer Banco da República do Brazil
Year 1893
Type Standard circulation banknote
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Reverse description The reverse is printed in dark olive-green and black, dominated by three large interlocking guilloche rosettes of differing sizes arranged horizontally. A bold diagonal ribbon banner across the central rosette bears the inscription VINTE MIL REIS, while a detailed vignette of the Brazilian coat of arms — a star-studded celestial globe on a coffee-and-tobacco branch wreath — occupies the right rosette. The bank title BANCO DA REPUBLICA DO BRAZIL is distributed across the upper and lower margins.
Reverse lettering BANCO DA REPUBLICA
DO BRAZIL
VINTE MIL REIS
20
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Comments

The Banco da República do Brazil was itself a short-lived institution — formed in 1890 from the merger of the Banco do Brazil with the Banco Nacional, it collapsed under the financial chaos of the Encilhamento speculative bubble and was liquidated in 1893, the very year this note was issued. Notes bearing this issuer name had an extremely narrow window of production and circulation before the successor Banco da República dos Estados Unidos do Brazil assumed operations.

ABNC printed the series in New York under contract, as Brazilian institutions of the period routinely outsourced security printing to American and European firms lacking any domestic equivalent. The Pick 675 designation places this among the rarer transitional issues from that reorganization period.

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