This Brazilian banknote represent the 2nd type, of the 1st denomination, of the 2nd Cruzeiro (Series 1970, First Family). The Series 1970 replaced the provisional Cruzeiro Novo Overprint, which were introduced in 1967. Unlike the earlier 1st Cruzeiro notes, which were partially based on pre-1971 US Dollars. The notes of the Series 1970, have a radically different color-coded appearance.
Notably in 1970, the term "Novo" was dropped from "Cruzeiro Novo". As such it can initially be somewhat confusing, when studying the general history of Brazilian banknotes. As general rule, only the Cruzeiro Novo Overprint are true Cruzeiro Novo notes. Although the 2nd Cruzeiro, which replaced them differed only in name.
The Series 1970 was superseded by the colorful Second Family series, issued from 1981-1985.
Observe
The observe depicts República, an Effigy of the Brazilian Republic. This represents the "2nd Type", of this image, as the "1st Type" features a brownish backing. All notes of the "First Family", regardless of type follow the same basic format. With an observe image off set to the center-right.
The header above reads, (trans.) the "Central Bank of Brazil". The note's "One Cruzeiro" is listed at the center. On a rippled strip, running horizontally along the note's center. Directly below are the signatures of the Monetary Council and Central Bank Presidents.
Along the upper-left and lower-right are the note's dual serial numbers (B 17005 012545). An unusual feature of these serial numbers is their split nature. In order to fit the 12-digit long serial number, it has been broken into 2 separate rows. Providing the impression of a double serial number.
Running vertically from the center-left of the note, are closely packed "bars". These bars serve multiple passive security functions. At the bottom is a latent image reading "UM", representing the note's One Cruzeiro face value. Above this latent text is a hidden watermark area, it depicts República when properly back lit.
To the left of the watermark is a large number "1", on an elaborate guilloché backing. This simply refers to the note's before mentioned face value, As does the number "1", at the upper-right corner.
Reverse
The reverse features the Amortization Office (Central Bank), in Rio de Janeiro. Which served as the headquarters of the Central Bank of Brazil. Prior to the 1967 constitutional decision to relocate to the new federal capital in Brasilia. The Amortization Office currently serves as the Currency Management Department, in addition to a registered historic site.
In regards to the reminder of the reverse, it somewhat mirrors the observe with some mirror changes. The center strip has been changed to a lighter shade. While the "Um Cruzeiro" text has been dropped to the lower center. The serial numbers and signatures have also been omitted. The fine text as lower-right, reference the Brazilian Treasury.
1970 Cruzeiro Gallery
(Gallery contains all denominations of the Series 1970 Cruzeiro)
Additional Notes
This note's dimensions are 147 x 66 mm or 5.79 x 2.60 in, slightly smaller than a US Dollar.
The preferable method to preserve this note are standard sized protective sleeves.
The 2nd Cruzeiro ISO code was BRB, it used NCr$ as its official symbol.
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