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2 Centavos Monforte
| Issuer | Câmara Municipal de Monforte (District of Portalegre) |
|---|---|
| Year | 1922 |
| Type | Log in to see details |
| Value | 2 Centavos (0.02 PTE) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Central cartouche bearing the municipal coat of arms of Monforte, composed of a shield with three towers and flags bearing crosses, set within ornamental framing. The town name is inscribed above or below the escutcheon in capital letters, forming the sole textual element on this side. |
| Reverse lettering | MONFORTE |
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| Comments |
Portuguese municipal cédulas of this type were a direct consequence of the chronic small-change shortage that plagued the First Republic throughout the early 1920s. The Banco de Portugal simply could not keep fractional coinage in circulation — coins were hoarded or melted — so local authorities across the country were authorized to issue their own emergency paper. Monforte, a small administrative seat in the Alentejo interior, was among dozens of câmaras municipais that exercised this right.
These hyper-local emissions were produced in small quantities, redeemable only within the issuing municipality, and typically withdrawn once the national coinage situation stabilized mid-decade. Survival rates vary enormously by locality.