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100 Lire Banca Agricola Commerciale della Repubblica di San Marino
| Issuer | Banca Agricola Commerciale della Repubblica di San Marino |
|---|---|
| Year | 1977 |
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| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain reverse with a single horizontally ruled endorsement section headed 'GIRATE', left blank for subsequent transfer inscriptions. No vignette, underprint, or decorative elements are present. |
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| Protection description | Magnetic Ink Character Recognition (MICR) line printed along the bottom edge of the obverse, encoding the cheque number and bank routing information. |
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| Comments |
San Marino's domestic banking sector operated under arrangements that allowed the republic's institutions to issue instruments denominated in lire while remaining outside the Bank of Italy's direct regulatory framework — a consequence of the 1939 customs union treaty with Italy rather than any formal monetary autonomy. The Banca Agricola Commerciale occupied a specific niche within that arrangement, serving primarily the agricultural and commercial credit needs of a microstate whose entire territory sits within Emilia-Romagna.
MICR encoding on a 1977 San Marino issue is worth noting — its inclusion reflects alignment with Italian interbank clearing standards of the period, suggesting these instruments were processed through the wider Italian banking infrastructure despite their distinct issuer.