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50 000 Cruzeiros 2nd Edition, 3rd Type
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1984-1986 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | 27 February 1986 |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Architectural vignette of the main building of the Instituto Oswaldo Cruz in Rio de Janeiro, rendered in intaglio, occupying the central field. The Moorish-influenced façade of the historic institute is presented in fine line engraving, with the face value in numerals at both lateral registers and the institution's name and denomination in words within the bordering inscriptions. |
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| Signature(s) | Series A0001-A1673 - Ernane Galvêas and Affonso Celso Pastore (replacement notes with * prefix) Series A1674-A2170 - Antonio Carlos Braga Lemgruber and Francisco Oswaldo Neves Dornelles Series A2171-A3248 - Francisco Oswaldo Neves Dornelles and Antonio Carlos Braga Lemgruber Series A3249-A3290 - Dilson Domingos Funaro and Fernão Carlos Botelho Bracher |
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| Comments |
Brazil's chronic inflation of the mid-1980s is what explains this note's existence. The cruzeiro had been introduced in 1970 replacing the cruzeiro antigo at 1,000-to-1, yet by 1984 a 50,000-denomination was a routine transaction note, not a prestige issue. Inflation ran above 200% annually through most of this period, and the denomination was effectively obsolete before the series finished printing.
The cruzeiro itself was abolished in February 1986 when the Plano Cruzado replaced it with the new cruzado at 1,000-to-1 — the same ratio used sixteen years earlier, grimly symmetrical.