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| 背面描述 | Printed in blue-green intaglio, the reverse is centred on an oval portrait vignette of a young woman personifying the Republic, wearing pearl jewellery and a decorative headdress, set within elaborate guilloche rosettes. Denomination counters reading "200." are placed symmetrically to the left and right of the central portrait within scalloped guilloche frames. The printer's imprint appears in small capitals along the lower margin. |
| 背面铭文 | REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL ESTADOS UNIDOS DO BRAZIL AMERICAN BANK NOTE COMPANY, NEW YORK. (Translation: Republic of the United States of Brazil / United States of Brazil / American Bank Note Company, New York.) |
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Brazil's Thesouro Nacional relied heavily on the American Bank Note Company throughout the First Republic period, and this 11th print of the 200 Mil Réis continues that arrangement. The "print" designations used in Brazilian cataloging reflect successive contract batches rather than distinct design changes — the same plates were often reused across multiple prints, making the serial number prefix the only reliable way to distinguish them in hand.
The 200 Mil Réis denomination sat at a meaningful level in 1908 Brazil, a period when the Caixa de Conversão was actively managing exchange rates following the coffee valorization crisis. Notes of this value circulated among merchants and the commercial class rather than in everyday retail trade.