Catalog
500 000 Cruzeiros 3rd edition
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1993 |
| Type | Log in to see details |
| Value | 500 000 Cruzeiros (500 000 BRE) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DO BRASIL 500 000 CASA DA MOEDA DO BRASIL E ENTÃO MINHA ALMA SERVIRÁ DE ABRIGO MINISTRO DA FAZENDA PRESIDENTE DO BANCO CENTRAL DO BRASIL DEUS SEJA LOUVADO MÁRIO DE ANDRADE 500 000 QUINHENTOS MIL CRUZEIROS (Translation: Central Bank of Brazil 500 000 Brazilian Mint and then my soul will be a shelter Finance Minister President of the Brazilian Central Bank God be praised Mário de Andrade Five Hundred Thousand Cruzeiros) |
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| Protection type | Log in to see details |
| Protection description | Effigy of the Republic |
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| Comments |
Brazil's hyperinflationary spiral of the early 1990s forced the Banco Central into a cycle of issuing ever-larger denominations at accelerating speed. The 500,000 Cruzeiro note appeared as inflation was running at several thousand percent annually — the Cruzeiro itself would be replaced by the Cruzeiro Real in August 1993, at a rate of 1,000 to 1, effectively rendering this denomination worth 500 Cruzeiros Reais almost immediately upon issue.
Third edition of the type, printed domestically by Casa da Moeda do Brasil. A watermark is the sole security feature — a reflection of how short the usable lifespan of any note in this series was expected to be.