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10 Patacas Year of the Rabbit, Banco Nacional Ultramarino
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 2023 |
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| Composition | Log in to see details |
| Size | 138 × 69 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL ULTRAMARINO REGULAMENTO ADMINISTRATIVO N.ᵒ 30/2011 DE 5 DE SEPTEMBRO 10 MACAU DEZ PATACAS 10 澳門幣拾圓 MACAU, 1 DE JANEIRO DE 2023 CONSELHO DE ADMINISTRAÇÃO |
| Reverse description | Log in to see details |
| Reverse lettering | 大西洋銀行 10 DEZ PATACAS MACAU 10 澳門幣拾圓 |
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| Comments |
Banco Nacional Ultramarino has not functioned as an active issuing bank for decades, but retains a legal concession to issue Macanese patacas — a colonial-era arrangement that has never been formally dissolved. These commemorative lunar new year notes, produced annually in limited quantities, exploit that dormant authority. They are sold as collectibles rather than released into general circulation, which means uncirculated condition is effectively the only condition they exist in.
The cotton substrate and single watermark security package are deliberately modest for a 2023 issue — consistent with the series' positioning as a low-mintage numismatic product rather than an anti-counterfeiting priority.