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200 Lire Banca Agricola Commerciale di Reggio Emilia
| Issuer | Banca Agricola Commerciale di Reggio Emilia |
|---|---|
| Year | 1977 |
| Type | Log in to see details |
| Value | 200 Lire (200 ITL) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 200 la banca agricola commerciale di Reggio Emilia DUECENTO pagherà a vista per questo assegno circolare L. 200 A ASS. PROV. COMMERCIANTI DI REGGIO EMILIA società per azioni con sede in reggio emilia cap. soc. lire 3.000.000.000 REGGIO EMILIA 3-10-1977 DL 1471130 200 |
| Reverse description | Log in to see details |
| Reverse lettering | QUESTO ASSEGNO PUÒ CIRCOLARE SOLTANTO IN ITALIA GIRATE ASS. PROV. COMMERCIANTI DI REGGIO E. vale lire duecento banca famiglia il credito personale per tutti e senza cambiali banca agricola commerciale di reggio emilia |
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| Comments |
The Banca Agricola Commerciale di Reggio Emilia was one of dozens of Italian local institutions that resorted to issuing miniassegni — small-format cheques that circulated as emergency small change — during Italy's severe coin shortage of the 1970s. The shortage was real enough that tobacconists issued candy as change. These instruments were technically bearer cheques, not banknotes, which allowed banks to sidestep the Banca d'Italia's note-issuing monopoly.
By 1977 the practice was already under legal pressure. The Banca d'Italia moved to suppress miniassegni circulation that year, making late-dated examples like this one among the last produced before the experiment effectively ended.