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100 Rupias

Issuer Banco Nacional Ultramarino
Year 1938
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Printer Thomas De La Rue & Company, London, United Kingdom
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Obverse lettering BANCO NACIONAL ULTRAMARINO EM NOVA GOA CEM RUPIAS PAGÁVEL AO PORTADOR NA INDIA PORTUGUÊSA DECRETO No. 17.154 LISBOA, 11 de JANEIRO de 1938.
(Translation: National Bank Overseas in Nova Goa Hundred Rupee Payable to bearer in Portuguese India Decree no. 17,154 Lisbon, January 11, 1938.)
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Reverse lettering BANCO NACIONAL 100 ULTRAMARINO
(Translation: National Bank Overseas)
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Comments

Banco Nacional Ultramarino's Goa issues occupied a peculiar administrative space — the bank held a note-issuing concession for Portuguese India separate from its African territories, and the rupee-denominated series sat entirely outside the escudo framework used elsewhere in the Portuguese colonial system. The 1938 date places this note in the period when BNU was consolidating its position in the Estado da India under Salazar's Estado Novo reorganization of colonial finance.

Thomas De La Rue's involvement is consistent with BNU's practice for higher denominations, where security printing standards mattered more than cost. The unlisted Pick reference suggests surviving documentation on this specific issue remains incomplete in the major catalogs.