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20 Mil Réis Banco do Brasil, 1st. Print
| Issuer | Banco do Brasil |
|---|---|
| Year | 1923 |
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| Composition | Log in to see details |
| Size | 145 × 75 mm |
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|---|---|
| Obverse lettering | 20 BANCO DO BRASIL NA SEDE DO BANCO DO BRASIL, SE PAGARÁ AO PORTADOR DESTA, DE ACCORDO COM A LEI N. 4635 DE 8 DE JANEIRO DE 1923, A QUANTIA DE VINTE MIL REIS. 20 20 ARTHUR BERNARDES AMERICAN BANK NOTE COMPANY (Translation: Bank of Brazil at Banco do Brasil's Headquarters, it will be paid to the bearer hereof according to Law No. 4635 of January 8, 1923, the amount of Twenty Thousand Reis. 20 20 Arthur Bernardes American Bank Note Company) |
| Reverse description | Executed in light blue intaglio on a relatively spare composition, the reverse centres on a vignette of the Palácio da Liberdade in Belo Horizonte, Minas Gerais, flanked on either side by the denomination numeral 20. The bank name and printer's imprint are set below the central vignette. |
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| Comments |
Banco do Brasil's relationship with the American Bank Note Company ran deep through the early twentieth century, and this 1923 issue is part of that long-standing contract series. ABNC held the engraving plates and printed successive runs for Brazil across multiple denominations, with the "1st Print" designation distinguishing this from later impressions that differ in minor but catalogable ways — primarily in plate wear signatures and sometimes in serial number color or font weight.
Brazil's monetary situation in 1923 was far from stable; the milréis was under sustained depreciation pressure tied to postwar commodity cycles and coffee market volatility. Notes of this period circulated hard.