Catalog
500 Cruzeiros 3rd edition, overprinted on P# 222
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1990 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | BANCO CENTRAL DO BRASIL 500 500 CRUZEIROS MINISTRO DA FAZENDA PRESIDENTE DO BANCO CENTRAL DO BRASIL AUGUSTO RUSCHI CASA DA MOEDA DO BRASIL 500 QUINHENTOS CRUZADOS NOVOS (Translation: Central Bank of Brazil 500 500 Cruzeiros Finance Minister President of the Central Bank of Brazil Augusto Ruschi Brazilian Mint Five Hundred Cruzados Novos) |
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| Protection type | Watermark |
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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.