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2 Centavos Santo Tirso

Issuer Santo Tirso, Municipality of
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Size 90 × 63 mm
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Obverse description Printed in green on plain paper using letterpress typography, the obverse bears the full municipal authority designation and denomination in unadorned sans-serif text. The layout follows the austere format characteristic of Portuguese First Republic emergency cédula issues, with no vignette, underprint, or ornamental border. The inscription identifies the issuing body and face value in a direct, utilitarian arrangement.
Obverse lettering CAMARA MUNICIPAL DE SANTO TIRSO 2 CENTAVOS
(Translation: Santo Tirso City Council 2 cents)
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Comments

Portuguese municipal emergency paper — cédulas — were issued in large numbers during and after World War One, when metal coinage effectively disappeared from circulation due to hoarding and wartime metal demands. Santo Tirso, a small municipality in the Ave River valley north of Porto, was among the many local authorities authorized to produce their own low-denomination fractional notes to keep daily commerce functioning. The Banco de Portugal had neither the capacity nor the inclination to solve the problem at the retail level, so municipalities were left to fill the gap themselves.

These cédulas were locally produced with minimal security features, which makes condition highly variable and outright counterfeits not unknown among the smaller issuing authorities.

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