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50 Mil Réis Banco de Crédito Popular do Brazil
| Issuer | Banco de Crédito Popular do Brazil |
|---|---|
| Year | 1890 |
| Type | Local banknote |
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| Obverse description | Black on yellow underprint, executed in intaglio and lithography. At right, a vignette of a seated female allegory of Agriculture; the denomination numeral and series number appear in black, with the order number printed in red. The central text panel carries the bank name, place of issue, and payment clause referencing Decree No. 253 of 8 March 1890, with the imprint of the American Bank Note Co., New York. |
|---|---|
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| Reverse lettering | 50 50 50 BANCO DE CRÉDITO POPULAR DO BRAZIL DECRETO Nº 1036-B DE 14 DE NOVEMBRO DE 1890. 50 50 AMERICAN BANK NOTE COMPANY, NEW YORK (Translation: Popular Credit Bank of Brazil Decree no. 1036-B of November 14, 1890. American Bank Note Company, New York) |
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| Comments |
The Banco de Crédito Popular do Brazil was one of dozens of private banks that sprang up during the *Encilhamento* — the speculative bubble that followed the proclamation of the Brazilian Republic in November 1889 and the Rui Barbosa treasury reforms that flooded the market with credit authorization. Banks issued their own notes under newly permissive banking legislation, and many lasted only months before collapsing. Whether the Banco de Crédito Popular ever achieved meaningful circulation before the bubble burst is unclear; the name itself reads more like a promotional prospectus than an established institution.
The American Bank Note Company plate work is characteristically fine, which tells you more about ABNC's contract volume in 1890 than about this bank's standing.