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20 000 Reis
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1909 |
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| Composition | Log in to see details |
| Size | 190 × 115 mm |
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| Obverse description | At left, a portrait vignette of the explorer Vasco da Gama is set alongside the national arms at upper centre and a branch seal inscribed 'Filial em Lourenço Marques' at centre. To the right, a historical vignette illustrates the Embarkation of Vasco da Gama. Denomination and bank title inscriptions are interspersed throughout the design, all rendered over a fine guilloche underprint. |
|---|---|
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| Reverse lettering | PAGAVEL NA FILIALA EM LOURENÇO MARQUES BANCO NACIONAL ULTRAMARINO |
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| Comments |
Banco Nacional Ultramarino occupied an unusual institutional position: chartered in Lisbon in 1864, it held note-issuing rights across Portugal's overseas territories simultaneously, meaning the same parent bank was the authority of issue for colonies as far apart as Mozambique, Cape Verde, and Timor. This note — P#40 in the Angola series — was printed by Bradbury Wilkinson at their New Malden works, a firm better known at the time for security printing of stamps and bonds than for colonial currency.
By 1909, Angola's economy was still heavily shaped by rubber and ivory extraction, with credit infrastructure thin outside Luanda. High-denomination notes like this 20,000 Reis circulated primarily in merchant and administrative hands rather than in general retail trade.