Catalog
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| Issuer | Banca Popolare di Novara |
|---|---|
| Year | 1976-1977 |
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| Value | Log in to see details |
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| Reference(s) | P#G1283 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in pale beige and grey tones, centred on an elaborate guilloche vignette composed of interlocking serpentine lathe-work bands encircling the bank's heraldic eagle seal, rendered in fine intaglio. The denomination numeral "100 LIRE" appears in large grey digits at the right, while the issuer's name "BANCA POPOLARE DI NOVARA" is printed in bold capitals across the lower portion. The left margin carries vertical endorsement (girata) text with a space for the payee's countersignature, and a restriction notice at the right states that the instrument may circulate within Italy only. |
| Reverse lettering | GIRATE XXXXXXX XXXXXXX IL PRESENTE ASSEGNO PUÒ CIRCOLARE SOLTANTO IN ITALIA 100 LIRE BANCA POPOLARE DI NOVARA (Translation: Endorsement - This cheque may be circulated only in Italy - 100 Lire - People's Bank of Novara) |
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| Comments |
Italy's chronic small-change shortage of the mid-1970s produced one of the stranger episodes in postwar European monetary history: commercial banks, cooperatives, and municipalities were permitted to issue fiduciary notes — miniassegni — as substitutes for coins that had effectively vanished from circulation. The Banca Popolare di Novara, a cooperative savings institution founded in 1871, issued this 100 Lire note under that emergency framework, redeemable at face value through the bank's branch network rather than functioning as legal tender in the strict sense.
The watermark is unusually purposeful for a note of this denomination — most miniassegni issuers skipped such security measures entirely, treating the instruments as essentially disposable.