1962 Brazil Valor Legal 20 Cruzeiros Banknote - Marechal Deodoro Da Fonseca - Estampa 2a - 1962 Brazilian Twenty Cruzeiros Note - P#178

This listing is for the photographed 1962 Brazil Valor Legal 20 Cruzeiro Banknote. Issued by the National Treasury of Brazil, with "Valor Legal" printed below the denomination, differentiating it from the "Valor Recibido" issues. This note has "Estampa 2a" printed above the series number, which is 1864. Center portrait of Marechal Deodoro da Fonseca. Reverse print of an allegorical figure representing the Republic of Brazil. Very Fine (VF) grade/condition, some visible folds and signs of circulation, as pictured. Beautiful note, excellent condition. Great addition to any collection! P#178 (Pick Number 178).

The first cruzeiro was issued from 1942 to 1967, replacing the real at a rate of 1000 réis = 1 cruzeiro and was replaced in 1967 by the cruzeiro novo at a rate of 1000 cruzeiros = 1 cruzeiro novo. In practice, the name cruzeiro had been used for the 1000 réis unit since at least 1926, when Brazilian economist Carlos Inglês de Sousa (1882–1948) first suggested it to the government.

Due to economic crisis and severe inflation, a second cruzeiro was issued in 1967 and circulated until 1986. Initially (until 1970) it had the symbol NCr$ and was named cruzeiro novo (Portuguese for "new cruzeiro"). The name then reverted to cruzeiro and the symbol changed to Cr$ (1970–1986) with the ISO 4217 code BRB. Although the name was restored, the ₢ sign was dropped due to the lack of practical support (rare typewriters offered it, but it was also difficult to find in metal types).

Thanks for stopping by!

1962 Brazil Valor Legal 20 Cruzeiros Banknote - Marechal Deodoro Da Fonseca - Estampa 2a - 1962 Brazilian Twenty Cruzeiros Note - P#178