1 Centavo Azambuja

Portugal's postwar coin shortage of the early 1920s pushed hundreds of municipalities into printing their own emergency paper — cédulas — to keep small transactions moving. Azambuja, a modest agricultural town on the Tagus plain, was among the smaller councils to do so, which makes its emissions rarer than those of Lisbon-area neighbors simply by virtue of lower print runs and a smaller population to preserve them.

The MA#332 reference places this within Artur Augusto Mendes de Azevedo's catalogue of Portuguese municipal issues, the standard authority for the series. Condition varies sharply across surviving examples; cédulas from small inland councils like Azambuja saw rough daily handling in markets and shops.