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10 000 Reis

Issuer Banco Nacional Ultramarino
Year 1897
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Size 182 × 125 mm
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Reverse description Printed in orange-brown on a light yellow underprint, the reverse is dominated by an elaborate intaglio design centred on a large ornate scroll-ribbon carrying the denomination legend DEZ MIL REIS in bold letters, beneath a radiating tropical-palm vignette. The bank name BANCO NACIONAL ULTRAMARINO curves around the upper oval border in large display lettering, with ULTRAMARINO continuing along the lower arc; the numeral denomination 10$000 Rs. appears within a decorative cartouche at the foot of the central device. Stylised floral and foliate corner ornaments with coffee-plant sprays fill the four corners, and the numeral 10 is repeated in each side margin.
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Protection type Perforations
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Comments

The Banco Nacional Ultramarino held a privileged position as the sole note-issuing authority for Portuguese overseas territories, and this 1897 issue formed part of its early Mozambique series. The BNU's colonial mandate was renewed and expanded through successive Portuguese government decrees, giving it near-total control over currency supply in territories where metallic coin was chronically scarce and unreliable in transit.

Perforation as the primary security feature reflects standard late-19th century colonial banking practice — cancellation perforations on returned or redeemed notes from this series are sometimes mistaken for deliberate security punching on uncirculated stock, which has caused misattribution in several auction catalogues.