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50 000 Cruzeiros 3rd edition
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1992 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Printer | Casa da Moeda do Brasil, Brazil |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DO BRASIL 50 000 CASA DA MOEDA DO BRASIL DEUS SEJA LOUVADO CÂMARA CASCUDO MINISTRO DA ECONOMIA, FAZENDA E PLANEJAMENTO PRESIDENTE DO BANCO CENTRAL DO BRASIL 50 000 CINQÜENTA MIL CRUZEIROS (Translation: Central Bank of Brazil 50 000 Brazilian Mint God Be Praised Câmara Cascudo Minister of Economy, Finance and Planning President of the Central Bank of Brazil Fifty Thousand Cruzeiros) |
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| Protection type | Log in to see details |
| Protection description | Portrait watermark of Luís da Câmara Cascudo |
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| Comments |
By 1992, Brazilian monetary policy was in open crisis. The 50,000 cruzeiro denomination — unthinkable a decade earlier — had become routine grocery-store arithmetic as inflation ran above 1,000% annually. This third edition of the note exists because the earlier two editions were consumed by velocity: notes wore out faster than they could be printed when the same bill changed hands multiple times per day.
With a print run of just over 12 million, this edition is the shortest of the three, and Casa da Moeda was simultaneously producing higher denominations that would render it obsolete within months.