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2.50 Escudos 1st. print

Issuer Banco de Portugal
Year 1920-1922
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In circulation to 24 June 1929
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Obverse lettering Banco de Portugal 2$50 Dois Escudos e Cincoenta Centavos Lisboa-3-Fev.-1922 Ch.1 PRATA
(Translation: Bank of Portugal Two Escudos and Fifty Cents Lisbon - Feb.3, 1922 Silver)
Reverse description The reverse is rendered in blue, green, and red, centred on an intaglio vignette of a seated allegorical female figure at left, resting beside a terrestrial globe set atop a decorative pedestal. The denomination 2$50 appears in both lower corners against an intricate guilloche background, with the written value enclosed within a central ornamental cartouche framed by scrollwork. The issuer's name arches across the upper margin in bold letterpress.
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Comments

Bradbury Wilkinson printed this low-denomination note for the Banco de Portugal during a period of severe inflationary pressure that followed Portugal's participation in the First World War. The escudo itself had only been introduced in 1911, replacing the real at 1000:1, and by the early 1920s the new currency was already under strain — the 2$50 note existed largely because the equivalent coin supply had become impractical to maintain in circulation.

The "1st print" designation distinguishes it from subsequent Bradbury Wilkinson printings of the same type, differences typically found in minor plate or paper variations rather than any redesign.

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