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30 Mil Réis Banco dos Estados Unidos do Brazil, 1st. Print
| Issuer | Banco dos Estados Unidos do Brazil |
|---|---|
| Year | 1890 |
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| Composition | Log in to see details |
| Size | 180 × 85 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO DOS ESTADOS UNIDOS DO BRAZIL 30 RIO DE JANEIRO. NA THESOURARIA DO BANCO SE PAGARÁ AO PORTADOR EM MOEDA DE OURO E A VISTA, A QUANTIA DE TRINTA MIL REIS NOS TERMOS DO DECRETO NUMERO 253 DE 8 DE MARÇO DE 1890. TRINTA MIL REIS 30 American Bank Note Co., New York (Translation: Bank of the United States of Brazil in Rio de Janeiro In The Bank`s Treasury will be paid to the carrier in gold coin and sight, the amount of Thirty Thousand Reis Under the terms of Decree Number 253 of March 8, 1890. Thirty Thousand Reis American Bank Note Co., New York) |
| Reverse description | Log in to see details |
| Reverse lettering | DECRETO Nº 700A DE 29 DE AGOSTO DE 1890. 30 TRINTA AMERICAN BANK NOTE COMPANY, NEW YORK (Translation: Decree no. 700A of August 29, 1890. Thirty American Bank Note Company, New York) |
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| Comments |
The Banco dos Estados Unidos do Brazil was one of several private banks granted sweeping note-issuing privileges under the Encilhamento — the speculative monetary boom that followed Brazil's transition from Empire to Republic in 1889. The policy, championed by Finance Minister Rui Barbosa, flooded the economy with paper currency and helped fuel one of Latin America's earliest stock market crashes. This bank, despite its grandiose name suggesting a federal institution, was a private commercial venture.
The American Bank Note Company handled a substantial portion of Brazil's private bank printing during this period. P#S607 belongs to the first print run, distinguished in the catalog from later impressions by subtle typographic differences in the charter text.