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50 Cruzados
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1986-1988 |
| Type | Standard circulation banknote |
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| Obverse description | Central vignette presents a portrait of Oswaldo Gonçalves Cruz (1872–1917), the Brazilian physician and public health pioneer, set against a guilloche underprint. A microscope vignette appears to the left of the portrait, referencing his scientific legacy. Denominations and issuer legends are rendered in intaglio, with the Banco Central do Brasil title across the upper margin. |
|---|---|
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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.