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1 Escudo

Issuer Banco Nacional Ultramarino
Year 1921
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Currency Portuguese Escudo (1914-1975)
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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. The denomination and issuing authority are rendered in intaglio lettering against an intricate guilloche background.
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Reverse description Printed in green on a multicolour guilloche underprint. A central oval vignette encloses an allegorical seated female figure with sailing ships in the background, surrounded by the circular bank title legend. Numeral counters appear at left and right, with ornate corner flourishes and a SPECIMEN perforation visible at lower centre.
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Comments

Banco Nacional Ultramarino occupied a peculiar institutional position — a Lisbon-based private bank granted colonial issuing rights across Portuguese overseas territories, meaning this note's authority derived not from any metropolitan central bank but from a commercial charter repeatedly renewed under political pressure. The 1921 escudo issues for the various BNU territories were printed by Bradbury, Wilkinson as a batch series, with territorial overprints or specific plate variants distinguishing one colony's circulation from another's.

Without confirmed territorial attribution in the reference data, the precise destination — Mozambique, Angola, Cape Verde, or elsewhere — cannot be responsibly stated here.

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