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| 正面描述 | Blue intaglio and offset print on polychrome underprint. A central vignette presents the portrait bust of Dom João VI (João Maria José Francisco Xavier de Paula Luís António Domingos Rafael), flanked on both sides by the numeral 500. A circular overprint stamp bearing the legend BANCO CENTRAL - 50 CENTAVOS is applied over the original 500 Cruzeiros note, revaluing it for circulation as 50 Centavos. |
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| 背面描述 | Blue intaglio and offset print on polychrome underprint. The central vignette presents an allegorical and pictorial composition representing the Opening of the Ports, after a work by Dacmo Fausto de Souza. The design is framed by repeated numeral 500 guilloche borders and panel inscriptions. |
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P#186 is a provisional issue produced by overprinting surplus stocks of the 50 Cruzeiros note (P#172) with a new denomination following the 1967 monetary reform, when the Cruzeiro Novo replaced the old Cruzeiro at a rate of 1 to 1,000. The overprint was a stopgap — Brazil's central bank needed low-denomination notes immediately and could not wait for freshly designed stock from ABNC.
The underlying P#172 plates had already been in use since the early 1960s, which means circulating examples of P#186 sometimes show the wear of two distinct lifespans: once as a Cruzeiros note, once reissued.