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1 Centavo Louzada

发行方 Câmara Municipal de Louzada
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参考资料 MA#1285
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背面描述 Printed in red, the reverse presents the denomination in large numerals and text against a plain ground, with minimal decorative elements.
背面铭文 1 CENTAVO
(Translation: 1 cent)
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Câmara Municipal de Louzada was one of dozens of Portuguese municipal chambers that resorted to issuing their own small-denomination emergency paper during the cédulas crisis of the late 1910s, when a chronic shortage of low-value coinage left everyday transactions nearly impossible. The national government had effectively authorized local authorities to fill the gap, producing a chaotic patchwork of hyperlocal scrip that was, in theory, redeemable only within the issuing municipality.

Louzada is a small concelho in the Tâmega valley north of Porto. That a place of its modest size had to produce its own monetary instruments speaks to how completely the coin shortage had broken down normal commerce at the most local level.

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