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1 Centavo Valença
| Issuer | Câmara Municipal de Valença |
|---|---|
| Year | |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CAMARA MUNICIPAL DE VALENÇA VALE UM CTV. (Translation: Valença Municipal Council - Worth One Centavo) |
| Reverse description | Printed in red on pale paper, the reverse mirrors the overall layout of the obverse with a rectangular border enclosing a dense guilloche cross-hatch background. A central circular medallion carries the numeral "1" set against horizontal line work, surrounded by a decorative beaded border. Corner ornaments and the abbreviated denomination appear at the margins in an octagonal frame arrangement. |
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| Comments |
Câmara Municipal de Valença issued cédulas like this 1 Centavo note during the acute coin shortage that struck Portugal and its municipalities in the early 1920s. With small-denomination metal coinage disappearing from circulation — hoarded, melted, or simply not minted in sufficient quantities — local chambers stepped in as emergency issuers, producing paper substitutes that the central government grudgingly tolerated rather than formally sanctioned.
Municipal cédulas of this type rarely survived daily use in good numbers. Passed hand to hand in local commerce, they were treated as disposable tokens rather than banknotes worth preserving.