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| 正面描述 | Printed in blue on a polychrome underprint, combining intaglio (calcography) and letterpress (lithography) techniques. The central vignette presents a bust portrait of Manuel Deodoro da Fonseca, first President of the Republic (1889–1891), flanked on both sides by the numeral 20. A diagonal conference autograph of the responsible official crosses the face of the note. |
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| 背面描述 | Printed in orange, executed in intaglio (calcography). The central vignette presents a seated female allegory of Minerva, the mythological goddess of wisdom. The nominal value 20 appears on either side of the central vignette. |
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Brazil's Thesouro Nacional relied heavily on the American Bank Note Company throughout the early twentieth century, and this series reflects a printing relationship that stretched across two decades of considerable political turbulence — from the Old Republic through the Vargas revolution of 1930 and into the Estado Novo. The note remained in issue across all of it, which is unusual longevity for a denomination that was not the highest in circulation.
The "16th. Print" designation in the Brazilian federal series refers to a sequential plate edition, not a separate issue authorization — a cataloguing convention that catches out collectors unfamiliar with how the Thesouro Nacional managed its ABNC contracts.