Catalog
50 Cruzados
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1986-1988 |
| Type | Log in to see details |
| Value | 50 Cruzados (50 BRC) |
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| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse presents an architectural vignette of the main building of the Instituto Oswaldo Cruz in Rio de Janeiro, rendered in fine line engraving against a guilloche underprint. The Moorish Revival structure, built under Cruz's direction, is shown in full facade. Denomination numerals and the institute's name are printed in intaglio at left and right margins. |
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| Variants | P#210a - series A0001 - A1617 signatures: Dilson Domingos Funaro & Fernão Carlos Botelho Bracher P#210b - series A1618 - A2044 signatures: Luiz Carlos Bresser Gonçalves Pereira & Fernando Millet de Oliveira P#210c - series A2045 - A2051 signatures: Maílson Ferreira Da Nóbrega & Elmo de Araújo Camões |
| Comments |
The Cruzado itself was a crisis instrument — introduced in February 1986 under the Plano Cruzado as a direct replacement for the Cruzeiro at 1,000:1, an attempt to break hyperinflation by decree. It didn't hold. The plan collapsed within months, inflation returned with force, and the Cruzado was itself replaced by the Cruzado Novo in 1989 at another 1,000:1 conversion.
Three finance minister pairings across the signature series trace the political churn of the Sarney government's economic management — Funaro, then Bresser Pereira, then Mailson da Nóbrega, each inheriting a worse situation than the last. The Nóbrega series (A2045–A2051) is notably short, implying the denomination was effectively wound down before his tenure had barely begun.