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100 Mil Reis

Issuer Banco Industrial do Porto
Year
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Value 100 Mil Reis
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Obverse description The obverse is dominated by the bold central inscription BANCO INDUSTRIAL DO PORTO within an elaborate guilloche-bordered panel, flanked by the numeral 100 in ornate cartouches at each corner. A central vignette presents a figurative scene, framed by the serial number repeated on either side. The note bears the promise text in Portuguese script — 'Pagará à vista ao Portador desta Nota em moeda de PRATA OU OURO a quantia de CEM MIL REIS' — with the denomination also rendered as Rs 100$000 in the lower-left cartouche, and signature lines designated for the Presidente do Conselho Fiscal and Os Gerentes.
Obverse lettering CEM MIL REIS
BANCO INDUSTRIAL DO PORTO
SOCIEDADE ANONYMA
PORTO
Pagará à vista ao Portador desta Nota em moeda de PRATA OU OURO a quantia de
CEM MIL REIS
Valor recebido
Rs 100$000
PRESIDENTE DO CONSELHO FISCAL
OS GERENTES
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Comments

The Banco Industrial do Porto occupied an unusual position among Portuguese note-issuing banks — it was a regional industrial credit institution, not a general commercial bank, and its note-issuing privileges reflected the decentralized monetary arrangements Portugal maintained well into the late nineteenth century before the Banco de Portugal consolidated authority. That institutional origin makes this issue inherently scarcer in circulation terms; notes from specialized regional issuers rarely survived in quantity because their geographic acceptance was limited from the outset.

Pick 184 is among the less documented entries in Portuguese provincial note cataloguing, and confirmed surviving examples are genuinely uncommon.

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