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2.50 Escudos
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1921 |
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| Composition | Log in to see details |
| Size | 130 × 89 mm |
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| Obverse description | Red on multicolour underprint. Portrait vignette of Francisco de Oliveira Chamiço at left, the Portuguese Coat of Arms at lower centre, and the bank seal at right. Two overprinted 'S. TOMÉ e PRÍNCIPE' inscriptions appear in black. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Dark blue. Central vignette of a female allegorical figure with sailing ships in the background. A black overprint of 'S. TOMÉ e PRÍNCIPE' appears on the face of the note. |
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| Comments |
Banco Nacional Ultramarino occupied an unusual position in Portuguese colonial finance — it held a monopoly on note issue across multiple overseas territories simultaneously, meaning the same institution was managing currency for Angola, Mozambique, Cape Verde, and others at once. This particular denomination, 2.50 Escudos, reflects the awkward transitional arithmetic that followed Portugal's 1911 switch from the Réis system, where 1 Escudo replaced 1,000 Réis. Fractional values like 2.50 persisted because everyday prices hadn't yet rationalized around the new unit.
Thomas De La Rue handled the printing, as they did for much of BNU's colonial output in this period.