1966 Brazil Valor Legal 1000 Cruzeiros on 1 Cruziero Novo Note - Rare Series 3839 - 1966 Brazilian One Cruzeiro Stamped Novo Note - P#187a

This listing is for the photographed 1966 Brazil Valor Legal 1000 Cruzeiro Banknote. Issued by the National Treasury of Brazil, with "Valor Legal" printed below the denomination, differentiating it from the "Valor Recibido" issues. The note was stamped by the Central Bank of Brazil to identify that the note would now be worth 1 Cruzeiro Novo (New Cruzeiro). This note has "Estampa 1a" printed above the series number, which is 3839, a rarer early series! Center portrait of Pedro Alvares Cabral on the obverse of this note. Reverse print of a scene titles "First Mass" (Primeira Missa). Choice Very Fine (VF+) grade/condition, minor folds and signs of circulation, as pictured. Beautiful note, excellent condition. Great rarer addition to any collection! P#187a (Pick Number 187a).

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).

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1966 Brazil Valor Legal 1000 Cruzeiros on 1 Cruziero Novo Note - Rare Series 3839 - 1966 Brazilian One Cruzeiro Stamped Novo Note - P#187a