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1 Escudo

Issuer Banco Nacional Ultramarino
Year 1921
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Currency Escudo (1914-1974)
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Obverse description Green on multicolour underprint. Portrait of Francisco de Oliveira Chamiço at left, the Portuguese Coat of Arms at lower centre, and the bank seal at right. Two overprinted inscriptions reading S. TOMÉ e PRÍNCIPE in red.
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Reverse lettering PAGAVEL NAS DEPENDENCIAS DA PROVINCIA DE S. TOMÉ E PRINCIPE BANCO NACIONAL ULTRAMARINO Bradbury, Wilkinson & Co. Ld. Gravadores, Londres
(Translation: Payable at the premises of the Province of St. Thomas and Prince National Overseas Bank Bradbury, Wilkinson & Co. Ltd. Engravers, London)
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Comments

Banco Nacional Ultramarino's 1 Escudo of 1921 was issued for Portuguese Guinea — a territory where the escudo had only recently replaced the mil-réis system following the metropolitan currency reforms that reshaped Portugal's colonial monetary framework after 1910. Bradbury, Wilkinson produced the plate work in London, as they did for much of BNU's colonial output during this period, giving the note a technical finish well above what the denomination's purchasing power might suggest.

The low face value meant heavy circulation wear was the norm, and surviving examples in decent condition are harder to locate than the pick number implies.