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20 Avos Banco Nacional Ultramarino
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1944 |
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| Printer | Hongkong Printing Press, Hong Kong |
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| Obverse description | Printed in red on white paper, the obverse carries the Portuguese coat of arms at upper left flanked by the bank title BANCO NACIONAL ULTRAMARINO in two lines across the centre, with the denomination VINTE AVOS in a rectangular panel below. Chinese characters for the value (弍毫) appear at left and lower right, with corner value numerals 20 in ornamental cartouches. A serial number appears twice and a manuscript signature of the Gerente is placed at lower right, with the printer's imprint along the bottom margin. |
|---|---|
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| Reverse lettering | 行銀理滙外海國洋西大 BANCO NACIONAL ULTRAMARINO VINTE AVOS 弍 弍 毫 毫 門澳 MACAU 門澳 |
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| Comments |
The Banco Nacional Ultramarino served as the note-issuing authority for Portuguese Macau from 1902 onward, operating under a concession from Lisbon rather than as a straightforward colonial treasury. This small-denomination avo note was printed locally in Hong Kong — an arrangement that reflects the tight geographic logic of mid-century Portuguese Asia, where Macau's financial infrastructure depended heavily on its larger neighbor for practical services.
1944 puts this note squarely in the Japanese occupation period for Hong Kong, which fell in December 1941. The Hongkong Printing Press operated under Japanese administration at the time this note was produced — a detail that sits awkwardly against the Portuguese issuer's neutrality during the Second World War.