Catalog
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| Issuer | Banco de España |
|---|---|
| Year | 1948 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 137 × 88 mm |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Log in to see details |
| Reverse lettering | 100 BANCO DE ESPAÑA (Translation: 100 Bank of Spain) |
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| Protection type | Log in to see details |
| Protection description | Portrait watermark of Francisco Goya's head, visible in the circular blank area on the left side of the reverse. |
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| Comments |
The 1948 series marked the Banco de España's first postwar redesign of its higher denominations, issued while Spain remained under autarky and largely cut off from the international printing networks it had used before the Civil War. Production fell entirely to the FNMT in Madrid — a deliberate assertion of domestic industrial capacity, however strained that capacity was.
Antonio Goicoechea, one of the three signatories, had been a founding figure of the monarchist Renovación Española movement and a pre-war negotiator of covert military aid from Mussolini's Italy. His presence on a Francoist banknote was entirely unremarkable by 1948, but the biography is worth noting.