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2.5 Rupias

Issuer Banco Nacional Ultramarino
Year 1917
Type Standard circulation banknote
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Obverse description Central vignette shows the circular seal of Banco Nacional Ultramarino with a sailing vessel, surrounded by elaborate guilloche borders and ornamental scroll-work. The denomination '2½' appears in each corner within decorative cartouches, with the value also rendered in multiple scripts — Latin, Devanagari, Kannada, and Konkani — across the central panel. Dated 1 de Outubro de 1917, Lisboa, with signature lines for O Vice-Governador and O Governador below the central seal.
Obverse lettering BANCO NACIONAL ULTRAMARINO DUAS RUPIAS E MEIA MOEDA CORRENTE RUPIAS LISBOA 1 DE OUTUBRO DE 1917 O VICE-GOVERNADOR O GOVERNADOR
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Comments

Bradbury Wilkinson produced this note for the Banco Nacional Ultramarino at a moment when Portuguese colonial finances in Goa were under acute pressure — wartime disruption to shipping and trade had created genuine fractional currency shortages, and the 2½ rupias denomination was a practical response to the gap left by scarce coin. The denomination itself is a colonial hybrid, pegged to the rupia rather than the metropolitan escudo, reflecting Goa's distinct monetary tradition rooted in Indo-Portuguese commerce.

Pick 22 is notably scarce. Low original print runs and poor survival rates in the humid coastal climate of Goa account for that.

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