Catalog
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| Issuer | Banco Credito Popular do Brazil, Rio de Janeiro |
|---|---|
| Year | 1890 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO DE CREDITO POPULAR DO BRAZIL RIO DE JANEIRO NA THESOURARIA DO BANCO PAGARA AO PORTADOR CINCO MIL REIS SERIE American Bank Note Co. New York |
| Reverse description | The reverse is printed in a uniform brown tone and dominated by an ornate central oval vignette of a young woman wearing a floral crown, enclosed within a circular legend band. Elaborate symmetrical guilloche lathe-work panels fill the entire field on either side of the central vignette, with large numeral "5" counters at the left and right margins. The imprint "American Bank Note Co. New York" appears in small type at the top and bottom edges. |
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| Comments |
The Banco Credito Popular do Brazil was one of several private banks chartered during the frenzied financial expansion of Brazil's Encilhamento period — a speculative bubble deliberately inflated by finance minister Rui Barbosa's loose money policies beginning in 1889. The federal government's decision to allow multiple banks to issue their own currency simultaneously flooded the market with paper; many of these institutions collapsed within a few years of receiving their charters, leaving their notes unredeemed.
ABNC produced the plates in New York, which was routine for Brazilian private bank issues of this period. Whether significant quantities ever reached active circulation before the bank's failure is unclear.