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20 Escudos
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1937 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Central intaglio vignette of a seated allegorical female figure enclosed within a circular guilloche frame, with sailing ships rendered in the background; the numeral '20' appears in large format within elaborate lathe-work panels at both left and right. The overall composition is executed in dark blue-green against a finely engraved geometric underprint. |
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| Signature(s) | José Gabriel Pinto Coelho & António dos Santos Viegas Artur Meneses Correia de Sá & António dos Santos Viegas |
| Protection type | Watermark |
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