20 Mil Réis Banco do Brasil, 2nd. Print

The Banco do Brasil's reliance on the American Bank Note Company for its higher-denomination notes in this period was a practical consequence of Brazil's limited domestic printing infrastructure — ABNC held contracts with the bank across multiple series throughout the late nineteenth and early twentieth centuries. This is the second print of the P#117 design, distinguishable from the first by subtle typographic and plate differences that specialists have catalogued but which are easily overlooked without direct comparison.

1930 was the year Getúlio Vargas came to power through a military coup in October, ending the Old Republic. Notes issued that year straddle two political regimes, though monetary policy disruption came gradually rather than overnight.