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500 Cruzeiros Thesouro Nacional, 1st print, 'Valor Legal'
| Issuer | Tesouro Nacional (National Treasury of Brazil) |
|---|---|
| Year | 1961-1962 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse lettering | 500 500 REPÚBLICA DOS ESTADOS UNIDOS DO BRASIL ABERTURA DOS PORTOS 500 500 AMERICAN BANK NOTE COMPANY. (Translation: Republic of the United States of Brazil Opening of the Ports American Bank Note Company.) |
| Signature(s) | Series 261-660 - Carlos Augusto Carrilho and Clemente Mariani Series 661-1460 - Reginaldo Fernandes Nunes and Walter Moreira Salles |
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| Comments |
By the time this note entered circulation, Brazil's inflationary spiral was already making 500 cruzeiros a denomination of limited practical life. The Thesouro Nacional series was a direct product of the Kubitschek government's aggressive development spending — particularly the construction of Brasília — which had badly strained federal finances and forced repeated expansions of the money supply throughout the late 1950s and into the 1960s.
The two signature combinations reflect genuine ministerial turnover: Walter Moreira Salles, who signs across the heavier series runs, was a banker and diplomat of considerable standing, later founder of what became Unibanco. The American Bank Note Company's New York plant handled the full production run, as was standard for high-denomination Brazilian federal paper of this period.