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200 Lire Banca Popolare di Milano
| Issuer | Banca Popolare di Milano |
|---|---|
| Year | 1977 |
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| Printer | Tipografia Artigiana, Capriate d'Adda |
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| Obverse description | Green-tinted miniassegno on white paper, with the issuer's name 'LA BANCA POPOLARE DI MILANO' in large red letters across the upper left, flanked by a boxed denomination panel reading 'LIT. 200' in red at upper right. The central field carries a fine-line guilloche underprint and a vignette of the bank's neoclassical headquarters building in perspective view, rendered in green intaglio-style line work. The date 'Milano 14 Gennaio 1977', the payee line 'a Unione Artigiani della Provincia di Milano', and an authorising signature above the issuer's name appear in the lower right quadrant, with a serial number at lower left. |
|---|---|
| Obverse lettering | LA BANCA POPOLARE DI MILANO SOC. COOP. A R.L. - FOND. NEL 1865 - SEDE CENTR. MILANO CAPITALE VERS. E RISERVE AL 31-12-1975 L. 64.329.322.846 - ISCRITTA AL N. 51 REG. SOC. - TRIBUNALE DI MILANO LIT. 200 PAGHERA A VISTA PER QUESTO ASSEGNO CIRCOLARE Milano 14 Gennaio 1977 LIRE DUECENTO ** a Unione Artigiani della Provincia di Milano BANCA POPOLARE DI MILANO SEDE DI MILANO |
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| Comments |
Italy's postwar small-change crisis returned with unexpected force in the early 1970s when coin shortages prompted banks, municipalities, and retailers to issue their own substitute tokens and notes — a phenomenon known as "moneta di necessità." The Banca Popolare di Milano's 200 Lire note belongs to that wave, issued under a temporary legal tolerance that the Banca d'Italia eventually moved to shut down. These instruments were officially prohibited after 1976, which makes a 1977-dated example from this series worth examining closely for its actual authorization status.
Tipografia Artigiana in Capriate d'Adda was a small commercial printer, not a security press — an unusual choice that raises questions about anti-counterfeiting provisions.