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100 Lire Banco di Sicilia
| Issuer | Banco di Sicilia |
|---|---|
| Year | 1976-1977 |
| Type | Log in to see details |
| Value | 100 Lire (100 ITL) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | il BANCO DI SICILIA ISTITUTO DI CREDITO DI DIRITTO PUBBLICO Filiale di CATANIA, li 25 Ottobre 1976 a presentazione di questo vaglia cambiario pagherà LIRE CENTO *** a Societa Cattolica di Assicurazione-Verona BANCO DI SICILIA AMMINISTRAZIONE CENTRALE Lit. 100 SIACA ARTI GRAFICHE - 44042 CENTO (FERRARA) ITALY (Translation: The Bank of Sicily Public Law Credit Institute Catania Branch upon presentation of this promissory note, will pay One Hundred Lire to Bank of Sicily Central Administration 100 Italian Lire Siaca Graphic Arts, Cento Ferrara Italy) |
| Reverse description | Printed in green on a beige and green underprint, the reverse bears a central vignette of a horse-drawn chariot rendered in green intaglio-style line work. Restriction text, payee information, and signature(s) are placed to the left of the vignette. |
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| Comments |
By 1976, the Banco di Sicilia had long ceased to function as a bank of issue in any meaningful monetary sense — the Banca d'Italia had held that monopoly since 1926. These 100 Lire notes were essentially convenience instruments, issued to alleviate a chronic small-denomination coin shortage that plagued Italy through much of the 1970s. Municipalities, transport companies, and retailers all issued similar substitutes during this period, a workaround that the Italian government tolerated rather than endorsed.
SIACA, based in Cento near Ferrara, handled a significant share of Italy's emergency currency printing during the coin crisis years. Redemption was theoretically guaranteed but in practice inconsistent.