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50 Mil Réis Thesouro Nacional, 14th. Print

Issuer Thesouro Nacional (National Treasury of Brazil)
Year 1916
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Size 180 × 82 mm
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Obverse lettering 50 CINCOENTA L 50 L CINCOENTA 50 REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL NO THESOURO NACIONAL SE PAGARÁ AO PORTADOR DESTA A QUANTIA DE 50 50 50 50 CINCOENTA MIL REIS VALOR RECEBIDO 50 50 L CINCOENTA CINCOENTA L American Bank Note Company
(Translation: Republic of the United States of Brazil At the National Treasury the holder will be paid the amount of Fifty Thousand Réis Amount Received L Fifty Fifty L American Bank Note Company)
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Reverse lettering 50 50 50 50 50 50 50 REPUBLICA DOS ESTADOS UNIDOS DO BRAZIL 50 50 AMERICAN BANK NOTE COMPANY.
(Translation: Republic of the United States of Brazil American Bank Note Company.)
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Comments

Brazil's 14th print designation refers to successive authorizations under the same fundamental treasury note framework — the government repeatedly returned to the ABNCo plates rather than commissioning new designs, which is why this 1916 note is visually indistinguishable from issues printed years earlier. The practice kept procurement costs down during a period when Brazil was managing significant foreign debt obligations and the milréis was under persistent exchange pressure.

ABNCo's contract with the Brazilian treasury was one of their longest-running South American relationships, spanning decades of politically unstable finance.

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