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1 Avo Banco Nacional Ultramarino

Issuer Banco Nacional Ultramarino
Year 1942
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Value 1 Avo (0.01 MOP)
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Obverse description The left portion of the note carries the Portuguese royal arms within a laurel wreath vignette, with the inscription MACAU below. A central guilloche panel bears the denomination UM AVO in bold letterpress. Corner cartouches repeat the numeral 1 and the Chinese characters 壹仙, with a serial number and manuscript signature of the Gerente below the central panel.
Obverse lettering BANCO NACIONAL ULTRAMARINO UM AVO MACAU 仙壹 GERENTE
(Translation: Overseas National Bank One Avo Macau One Cent Manager)
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Comments

Bradbury, Wilkinson printed this note for Macau during the Second World War, a period when Japanese forces had occupied the surrounding Pearl River Delta but — uniquely among European territories in the region — left the Portuguese enclave itself alone, owing to Portugal's wartime neutrality. That political anomaly kept the Banco Nacional Ultramarino functioning and its currency in local circulation when nearly every neighboring monetary system had collapsed under occupation.

At 73 × 41 mm, this is among the smallest-format notes BNUever issued for any of its territories. The 1 Avo denomination was fractional even by Macanese standards.

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