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100 Lire Banca Popolare di Novara

Issuer Banca Popolare di Novara
Year 1976-1977
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Shape Rectangular
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Obverse description Cream-toned miniassegno with the bank's name in large serif type across the top, flanked by fine guilloche underprint bands. The denomination 100 LIRE appears in red intaglio at left, with the payee line and date field below. A serial number and MICR encoding strip run along the bottom edge.
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Protection type Watermark, MICR encoding
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Comments

In the mid-1970s, a severe coin shortage across northern Italy prompted dozens of regional cooperative banks to issue small-denomination fiduciary notes — technically a stopgap measure tolerated rather than formally authorized by the Banca d'Italia. The Banca Popolare di Novara was among the more active participants, producing notes through Turati Lombardi, a Milan security printer with deep roots in Italian commercial and fiscal printing.

MICR encoding on a note of this size and denomination is worth noting — it signals these were designed to move through automated clearing systems, not just serve as pocket change substitutes. The coin crisis was a banking infrastructure problem, and the solution was engineered accordingly.

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