20 Centavos

Portugal's 20 Centavos bronze of 1930 was struck under the early Estado Novo period, just as Salazar was consolidating financial control following his appointment as Finance Minister in 1928 — a role from which he effectively dictated monetary policy before formally taking power. The Casa da Moeda had been under sustained pressure to modernize its output after years of inflationary chaos tied to the First Republic's fiscal mismanagement.

Gomes CV 03.01 denotes the first and only major variety of this date, with no significant die variations documented.