500 Cruzeiros 2nd Edition, 2nd Type

Brazil's early 1980s were defined by runaway inflation — the cruzeiro was losing purchasing power so rapidly that this denomination, once substantial, became functionally trivial within a few years of issue. The note spans four signature combinations tied directly to the revolving door of central bank presidents during the debt crisis period, with Langoni resigning in 1983 under sharp disagreement with the government over IMF austerity terms — an unusually public break between a sitting bank president and the finance ministry.

The Galvêas/Pastore pairing covers the shorter final run, series A3510 onward.