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20 Rupias

Issuer Banco Nacional Ultramarino
Year 1945
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Size 150 × 80 mm
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Obverse description Printed in blue and multicolour on a guilloche underprint, the obverse carries the bank's seal vignette with a steamship device at upper left and an intaglio portrait of Afonso de Albuquerque at right. The denomination numeral 20 appears in all four corners, with issuing authority legends, decree details, and date arranged across the upper and lower registers.
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Reverse lettering BANCO NACIONAL ULTRAMARINO PAGAVEL NA INDIA PORTUGUESA
(Translation: National Bank Overseas Payable in Portuguese India)
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Comments

Banco Nacional Ultramarino held the note-issuing monopoly across Portugal's overseas territories, and this 1945 Rupia issue for Portuguese India sits within a series that outlasted British India's own currency reforms by years — a deliberate act of administrative separation. Goa, Daman, and Diu remained under Lisbon's control until 1961, meaning these notes circulated alongside Indian rupees in a border economy rife with arbitrage.

Bradbury Wilkinson printed the series from their New Malden works. The choice of a British security printer for a Portuguese colonial issue was entirely routine — BW held contracts with dozens of colonial issuers regardless of metropolitan affiliation.

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