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500 Cruzeiros 3rd edition, overprinted on P# 222
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1990 |
| Type | Log in to see details |
| Value | 500 Cruzeiros (500 BRE) |
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| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Intaglio polychrome print retaining the original Cruzados Novos reverse design. The central vignette shows Augusto Ruschi in the field examining orchids, with a hummingbird rendered in fine engraved detail in the foreground — a direct allusion to his celebrated taxonomic research on Brazilian hummingbird species. The original denomination and legends from the underlying issue remain visible beneath the overprint. |
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| Protection type | Log in to see details |
| Protection description | Effigy of the Republic watermark, visible when held to light |
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| Comments |
This note is a direct product of the Plano Verão, the short-lived 1989 stabilization package under Finance Minister Maílson da Nóbrega, which froze prices and temporarily slowed — but could not stop — the hyperinflationary spiral that was consuming the cruzado. Rather than print entirely new stock, the Casa da Moeda simply overprinted existing P#222 sheets, a stopgap that reflects exactly how fast the situation was moving. By 1990, the cruzeiro itself would be replaced by the cruzeiro novo under Collor's far more aggressive Plano Brasil, rendering this issue obsolete within months of production.