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50 Cruzeiros 2nd Edition, 1st Type

Issuer Banco Central do Brasil
Year 1970-1980
Type Standard circulation banknote
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Obverse description Polychrome intaglio and offset print. A circular vignette to the right contains the portrait of Manuel Deodoro da Fonseca, first President of the Republic of Brazil, set against a fine guilloche underprint. The denomination numeral 50 appears in multiple positions across the face, with issuer and authorizing inscriptions distributed along the upper and lower margins.
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Signature(s) series A00001 - A01250 - Antônio Delfim Netto & Ernane Galvêas
series A01051 - A03841 - Mário Henrique Simonsen & Paulo Hortênsio Pereira Lira
series A03842 - A05233 - Ernane Galvêas & Carlos Geraldo Langoni
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Comments

This note spans a decade of turbulent Brazilian economic management, with three distinct signature combinations tracking the revolving cast of Finance Ministers and Central Bank governors through the military government years. The Delfim Netto pairing alone — his second major stint controlling Brazilian economic policy — signals the early 1970s "miracle" period, before the oil shock dismantled the model.

Casa da Moeda produced the entire run domestically, part of a broader push during this period to reduce dependence on foreign security printers. Aloísio Magalhães, who later became a significant figure in Brazilian cultural policy, brought a designer's sensibility to the series that set it apart from earlier Banco do Brasil issues.

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