1 Centavo Mourão

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.