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2 Centavos Setubal
| Issuer | Câmara Municipal de Setúbal |
|---|---|
| Year | 1919 |
| Type | Local banknote |
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| Obverse description | Plain light paper note printed in black letterpress within a single-rule rectangular border, with the denomination numeral '2' repeated in each corner. The issuer's name 'Camara Municipal de Setubal' arcs across the upper portion in bold serif type, below which the municipal coat of arms appears to the left and a circular municipal seal to the right. The face value is stated centrally in large bold type as '2 Cent.' with '(DOIS CENTAVOS)' below, and the session date 'Sessão de 24 de Dezembro de 1919' runs along the lower margin; a violet manuscript authorization signature is applied across the centre. |
|---|---|
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| Reverse description | The reverse of this municipal cédula is not visible in the provided image; no description can be confirmed without a reliable catalog or image source. |
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| Comments |
Portuguese municipal chambers issued their own emergency cédulas during the copper coin shortage that followed the First World War, and Setúbal was among dozens of concelhos that filled the gap between 1917 and 1922. The Banco de Portugal could not supply small-denomination coinage in sufficient volume, leaving local commerce effectively paralyzed for transactions below a few centavos — hence the proliferation of these hyper-local paper substitutes, valid only within the issuing municipality.
At 2 centavos, this is the smallest denomination in the Setúbal municipal series, and redemption was theoretically guaranteed by the câmara's treasury. In practice, many were never redeemed at all.