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500 Cruzeiros 3rd edition, overprinted on P# 222
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1990 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse lettering | 500 500 QUINHENTOS CRUZADOS NOVOS (Translation: 500 500 Five Hundred Cruzados Novos) |
| Signature(s) | series A3701 - A7700 - Maílson Ferreira Da Nóbrega & Wadico Waldir Bucchi |
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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.