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200 Lire Banca Industriale Gallaratese
| Issuer | Banca Industriale Gallaratese S.p.A. |
|---|---|
| Year | 1976 |
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| Composition | Log in to see details |
| Size | 120 × 61 mm |
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| Obverse description | The obverse is printed in green and blue on a light green guilloche underprint composed of repeating diagonal lozenges bearing the abbreviated bank name 'BIG'. The upper left carries a blue triangular logo for 'La BIG - Banca Industriale Gallaratese' alongside the institution's full legal name and registered capital details, while the denomination '200 LIRE' appears in a ruled cartouche at upper right. The value in words 'DUECENTO' is set in large green letterpress text at centre, above the payee line naming the Associazione Artigiani della Provincia di Varese, with the issue date 'Gallarate, 1-12-1976' and an authorising signature printed in the lower portion. |
|---|---|
| Obverse lettering | La BIG BANCA INDUSTRIALE GALLARATESE S.p.A. - SEDE IN GALLARATE Reg. Soc. n. 1604 Trib. Busto Arsizio Cap. L. 2.000.000.000 - Ris. L. 1.033.000.000 pagherà a vista per questo assegno circolare Lire * DUECENTO * all'ASSOCIAZIONE ARTIGIANI DELLA PROVINCIA DI VARESE 200 LIRE Gallarate, 1-12-1976 BANCA INDUSTRIALE GALLARATESE |
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| Comments |
Italian law permitted certain industrial and cooperative banks to issue low-denomination notes — called "miniassegni" — as a stopgap for the chronic coin shortage that gripped the country through the mid-1970s. These were technically bearer cheques, not banknotes in the strict sense, a legal distinction that allowed their circulation while sidestepping Banca d'Italia's monopoly on note issue. The Gallarate-based issuer was one of dozens of regional institutions that flooded the market with these instruments between 1975 and 1979.
The 200 Lire denomination was among the most actively circulated, since it corresponded to coins that had effectively vanished from everyday use. Many examples show heavy handling wear precisely because they functioned as genuine pocket change.