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10 000 Réis Ouro - 3rd. print
| Issuer | Banco de Portugal |
|---|---|
| Year | 1902-1909 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
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| Reverse description | Log in to see details |
| Reverse lettering | BANCO DE PORTUGAL DEZ MIL RÉIS 10 (Translation: Bank of Portugal Ten Thousand Reis) |
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| Protection type | Watermark |
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| Comments |
The third printing of this high-value Banco de Portugal note coincided with a period of acute fiscal strain in Portugal — the country had defaulted on its external debt in 1892 and was still navigating the terms of its financial rehabilitation through the early 1900s. High-denomination notes like this one circulated primarily in commercial and institutional transactions rather than daily retail use, which means heavily worn survivors are genuinely unusual.
Printed in-house at the Banco de Portugal's own Estamparia rather than contracted abroad, the series reflects the bank's ongoing effort to internalize production capacity — a policy decision with both security and economic motivations.