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20 Mil Reis

Issuer Banco de Portugal
Year 1895
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Value 20 000 Reis (20 000)
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Obverse lettering BANCO DE PORTUGAL VINTE MIL RÉIS MOEDA INSULANA PAGÁVEL NAS AGÊNCIAS DOS AÇORES Lisboa, 1 de Outubro de 1895 VINTE 20 VINTE
(Translation: Bank of Portugal Twenty Thousand Reis Insulan Currency Payable at Azores branches Lisbon, October 1, 1895 twenty 20 twenty)
Reverse description Printed in blue on a dark orange guilloche underprint. The design is geometric and ornamental in character, serving as a security underprint typical of late nineteenth-century Banco de Portugal issues for the Azores branch currency.
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Banco de Portugal brought its note printing in-house with its own Estamparia, a relatively uncommon arrangement among European central banks of the period, most of whom still relied on specialist security printers in London or Paris. By the 1890s the Estamparia had developed sufficient technical capacity for the full production run of this series.

The mil reis as a unit survived until 1911, when the Republic swept away the monarchy's monetary nomenclature and introduced the escudo at a rate of 1,000 réis to the escudo — making this note's face value exactly 20/1000ths of one future escudo.

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