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10 Rupias

Issuer Banco Nacional Ultramarino
Year 1906
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Currency Rupia (1880-1958)
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Obverse description A central allegorical female figure holding a trident occupies the left portion of the note, with the seal of Banco Nacional Ultramarino positioned to the right. The numeral 10 appears in all four corners. Inscriptions include the issuing bank name, place of issue Nova Goa, denomination in full, and the date 1 de Janeiro de 1906.
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Variants P#16a - seal type
P#16b - seal type
Comments

Banco Nacional Ultramarino's Goa branch issued this note for Portuguese India at a time when the territory's economy ran on a parallel track entirely disconnected from Lisbon's domestic finances. The rupee-denominated series reflected practical reality: trade in Goa operated on the Indian rupee standard, not the escudo, and BNU's role was essentially that of a colonial currency manager bridging two empires' monetary systems.

Bradbury Wilkinson produced the plate work in London. Their engraving quality for this period was consistently fine, and the 1906 Goa series is no exception — though early issues of P#16 are notably scarce, likely a function of limited print runs and the note's active use in everyday commerce.