1 Centavo Mourão

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Opschrift voorzijde	1 Centavo CEDULA MUNICIPAL S. N.° UM Centavo MUNICIPIO DE MOURÃO O Tesoureiro,
Beschrijving keerzijde	The reverse shows the bleed-through impression of the obverse letterpress printing on otherwise plain cream paper, with no independent design elements, text, or ornamentation of its own.
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Opmerkingen	Mourão is a small municipality in the Alentejo region of Portugal, and like hundreds of other Portuguese councils, it issued its own paper cédulas during the cédula crisis of 1917–1925, when a catastrophic shortage of small coinage — driven by wartime metal demands and hoarding — forced local authorities, businesses, and institutions to print emergency fractional currency. These municipal issues were legal under a 1917 decree that formally authorized local bodies to fill the gap left by the state. The MA# catalog reference places this among the Almeida & Araújo corpus of Portuguese notgeld documentation. Survival rates for rural municipal cédulas are uneven at best — small towns printed in small quantities, and most circulated hard until they fell apart.