This is an authentic Brazilian, 10 cruzeiros banknote issued in 1962 by the Ministry of Finance & in good, circulated condition.
By 1967, inflation devalued the cruzeiro virtually useless and in February of that year, the military government decreed a replacement currency, the Cruzeiros Novos. As part of the currency transition, these banknotes were over-stamped with an equivalence stamp (1 Centavo, Banco Central) w/the corresponding value of the banknote in the new currency & used provisionally until its final demise...1970.
These notes were issued between 1942 & 1967 as part of the first series of the Brazilian cruzeiro currency. They were withdrawn from circulation in 1970 & are no longer legal tender.
Description -
Obverse: Features a portrait of Getúlio Vargas, who served as Brazil's president during two periods. It is printed at the front, lower center that the note was printed by Thomas de la Rue & Company, Limited, in London.
Reverse: Features an array of Brazilian Industry.
Translation:
- REPÚBLICA DOS ESTADOS UNIDOS DO BRASIL (Republic of the United States of Brazil)
TESOURO NACIONAL (National Treasury)
BANCO CENTRAL (Central Bank)
DEZ CRUZEIROS (Ten Cruzeiros)
VALOR LEGAL (Legal Tender)
MINISTRO DA FAZENDA (Minister of Finance)
ESTAMPA 2A SERIE (Stamp 2nd Series)
Measurements:
Length: 6"
Height: 2 1/2"
History:
The Central Bank of Brazil issued Brazilian Cruzeiro banknotes in 13 different denominations, including this 10 Brazilian Cruzeiros banknote (Getulio Vargas green type). They are part of the Brazilian First Cruzeiros banknotes series. The Central Bank of Brazil began issue of the 10 Brazilian Cruzeiro banknotes in 1962 & were withdrawn from circulation in 1970.
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Brazil (1962)
10 Cruzeiros Banknote
$7.50
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