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10 Patacas Year of the Ox, Banco Nacional Ultramarino

Issuer Banco Nacional Ultramarino
Year 2021
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Composition Paper
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Obverse description Stylized ox vignette at left, rendered in a bold illustrative style evoking the Chinese New Year tradition. A auspicious blessing character appears at upper right, with decorative Chinese lanterns and a zodiac wheel forming the background underprint.
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Reverse description The Macau headquarters of Banco Nacional Ultramarino occupies the left portion of the design, with a stylized ox vignette at right. The background incorporates a vignette of children with firecrackers outside a temple building, evoking the festive atmosphere of the Lunar New Year celebration.
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Comments

Banco Nacional Ultramarino ceased operating as Macau's note-issuing bank in 1995 when the Autoridade Monetária de Macau assumed that function — yet BNU retained a limited right to issue commemorative and collector notes, which is precisely what this piece is. The lunar new year series it belongs to is aimed squarely at the collector market, not circulation, and examples are typically acquired sealed in original packaging.

The watermark-only security specification is notably sparse for a 2021 issue, reflecting its non-circulating status.

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