Catalog
500 Cruzados Novos
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1990 |
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| Reference(s) | P#222 |
| Obverse description | Multicolour intaglio and offset printing. A portrait vignette of naturalist and scientist Augusto Ruschi (1915–1986) is positioned to the right, flanked by elaborate allegories of flora and fauna rendered in fine chalcographic detail, with a prominent representation of Cattleya labiata warneri — an orchid species emblematic of Espírito Santo and the largest flower of its genus in Brazil — occupying a central decorative role. The face value numeral '500' appears in the lower left, with the issuer's title 'BANCO CENTRAL DO BRASIL' inscribed across the upper portion of the note. |
|---|---|
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| Reverse lettering | 500 500 QUINHENTOS CRUZADOS NOVOS (Translation: 500 500 Five Hundred Cruzados Novos) |
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| Comments |
This note belongs to the Cruzado Novo series, a currency that lasted barely a year. The Cruzado Novo was introduced in January 1989 as part of the Summer Plan — Plano Verão — Brazil's latest attempt to stabilize an inflation rate that had exceeded 900% annually. By early 1990 it was already failing, and in March of that year the incoming Collor government replaced it with the Cruzeiro, simultaneously freezing 80% of private savings accounts in the most dramatic monetary intervention in Brazilian postwar history.
Notes dated 1990 effectively circulated into a crisis rather than away from one.