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100 Lire Banca Popolare di Milano
| Issuer | Banca Popolare di Milano |
|---|---|
| Year | 1976-1977 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | LA BANCA POPOLARE DI MILANO SOC. COOP. A R.L. - FOND. NEL 1865 - SEDE CENT. MILANO CAPITALE VERS. E RISERVE AL 31-12-1975 L. 64.320.322.846 - ISCRITTA AL N. 51 REG. COC. - TRIBUNALE DI MILANO PAGHERA A VISTA PER QUESTO ASSEGNO CIRCOLARE LIRE CENTO a Unione Artigiani della Provincia di Milano BANCA POPOLARE DI MILANO SEDE DI MILANO LIT. 100 |
| Reverse description | The reverse is printed in a similar reddish-brown tone, with the word 'CIRATE' in large bold letterpress along the left margin, indicating the endorsement area. A prominent interlaced 'PB' monogram guilloche vignette occupies the centre-left, overlaid with a manuscript endorsement signature and the text 'Unione Artigiani della Provincia di Milano'. To the right, a detailed intaglio-style vignette of the bank's palazzo headquarters is repeated, surmounted by the bank's full name, with the denomination 'LIT. 100' running vertically along the right edge. A notice at the foot reads 'IL PRESENTE ASSEGNO PUO CIRCOLARE SOLO IN ITALIA'. |
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| Comments |
Banca Popolare di Milano's 100 Lire note from this period was a direct response to Italy's catastrophic small-coin shortage of the 1970s, when chronic metal supply problems and hoarding stripped centesimi and lire coins almost entirely from daily commerce. Italian banks, cooperatives, and municipalities stepped into the void with their own fiduciary emission notes — technically mini-assegni, circulating checks backed by the issuing institution rather than the state. The Banca d'Italia tolerated rather than sanctioned them.
BPM was among the more prolific issuers. These pieces circulated hard in retail transactions around Milan and degraded quickly as a result.