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10 Mil Reis

Issuer Banco de Portugal
Year 1910
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Reference(s) P#12
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Obverse lettering AÇÔRES BANCO DE PORTUGAL 10.000 OURO MOEDA INSULANA Pagável nas Agências dos Açôres Lisboa, 30 de Setembro de 1910 DEZ MIL REIS
(Translation: Azores Bank of Portugal 10 000 Gold Island Currency Payable in Azores agencies Lisbon, September 30, 1910 Ten Thousand Reis)
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Reverse lettering AÇÔRES BANCO DE PORTUGAL DEZ MIL REIS MOEDA INSULANA REPUBLICA AÇÔRES
(Translation: Azores Bank of Portugal Ten Thousand Reis Island Currency Republic Azores)
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Comments

This note was issued in the final year of the Portuguese constitutional monarchy — Dom Manuel II was deposed by the republican revolution of 5 October 1910, just months after notes of this series entered circulation. Whether a given example predates or postdates the revolution by weeks is impossible to determine from the note alone, since the Banco de Portugal continued operating through the regime change without interruption.

Printing in-house at the Estamparia do Banco de Portugal was a deliberate policy choice, avoiding the foreign security printers — Waterlow, Bradbury Wilkinson — that many contemporary central banks depended on.

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