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500 Cruzeiros Thesouro Nacional, 1st print, 'Valor Legal'

Emittent Tesouro Nacional (National Treasury of Brazil)
Jahr 1961-1962
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Form Rectangular
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Vorderseitenbeschreibung Printed in blue on a polychrome underprint, combining intaglio and offset techniques. The central vignette presents a formal portrait of Dom João VI (João Maria José Francisco Xavier de Paula Luís António Domingos Rafael) set within an ornate decorated frame, flanked on both sides by the denomination numeral 500. Printed inscriptions identify the issuing authority, denomination in words and figures, and the mandate of legal tender (Valor Legal), with the printer's imprint at the lower margin.
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Rückseitenbeschreibung Printed in lead gray using intaglio technique. The central vignette carries an allegorical and pictorial composition by Cadmo Fausto de Souza representing the Abertura dos Portos (Opening of the Ports), a pivotal event in Brazilian economic history. The denomination numeral 500 appears at each corner, with the issuing authority inscription and printer's imprint bordering the design.
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Anmerkungen

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.

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