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10 Centavos
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1914 |
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| Composition | Log in to see details |
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| Reference(s) | P#56 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL ULTRAMARINO EM LOURENÇO MARQUES DEZ CENTAVOS MOEDA CORRENTE |
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| Reverse lettering | BANCO NACIONAL ULTRAMARINO |
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| Comments |
Banco Nacional Ultramarino occupied an unusual position among colonial issuing institutions — chartered in Lisbon but functioning as the note-issuing authority across Portugal's overseas territories, from Mozambique to Timor. This particular 10 Centavos belongs to a fractional series introduced as Portugal's wartime economy began to bite hard. The outbreak of the First World War created severe small-change shortages across the entire Lusophone world, and fractional paper emergency issues became a practical necessity rather than a policy choice.
Bradbury Wilkinson produced the series at their New Malden works, which made London the physical origin of notes destined for circulation in Portuguese colonial territories — an arrangement entirely unremarkable for the period but worth noting given the wartime Atlantic shipping risks involved.