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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 | Stylized rabbit vignette at left centre, accompanied by a red square bearing the Chinese character 福 (blessing) at upper right. A decorative guilloche background incorporates Chinese lanterns and a zodiac wheel. Vertical telescopic serial number printed at right. |
|---|---|
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| Protection type | Watermark |
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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.