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| 正面描述 | Plain pinkish-buff paper note printed in black within a simple rectangular border, with the issuer's name 'Camara Municipal de Setubal' in bold arched lettering across the upper field. The denomination '1 Cent.' appears in large bold type at centre, with the spelled-out value '(UM CENTAVO)' below; the municipal coat of arms is printed to the lower left, and a circular official stamp of the Conselho de Setubal appears to the lower right. The session date 'Sessão de 24 de Dezembro de 1919' is inscribed along the bottom panel, and a handwritten serial number and a violet manuscript validation signature overprint are visible across the face. |
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| 正面铭文 | Camara Municipal de Setubal 1 Cent. (UM CENTAVO) Sessão de 24 de Dezembro de 1919 |
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Portuguese municipal chambers issued their own emergency paper money — cédulas — during a prolonged small-change shortage that gripped the country from roughly 1917 through the early 1920s. The central government's inability to keep low-denomination coinage in circulation forced hundreds of local authorities to print their own fractional notes, each redeemable only within the issuing municipality. Setúbal, a fishing and industrial port south of Lisbon, was among them.
At one centavo, this is among the lowest denominations produced under that scheme — essentially a substitute for a coin worth almost nothing, yet necessary enough to print.