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200 Lire Banca S. Paolo - Brescia

Issuer Banca S. Paolo - Brescia
Year 1976
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Value 200 Lire (200 ITL)
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Reverse lettering GIRATE ASSOCIAZIONE COMMERCIANTI DELLA PROVINCIA DI BRESCIA VALE 200 LIRE IL PRESENTE ASSEGNO PUÒ CIRCOLARE SOLTANTO IN ITALIA
(Translation: Trade Association of the Brescia Province Value 200 Lire This check may be circulated only in Italy)
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Protection description The note is printed on watermarked paper bearing a diamond pattern.
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Comments

Banca S. Paolo di Brescia was one of the last Italian provincial banks still exercising its historical right to issue local fiduciary notes in the 1970s — a survival from the pre-unification banking structure that the Banca d'Italia had never fully absorbed. By 1976 this was an anachronism, and these low-denomination notes circulated almost exclusively as change substitutes within the Brescia area during the chronic coin shortage that plagued northern Italy through much of that decade.

The shortage itself was driven partly by coin hoarding and partly by vending machine operators stripping circulation of usable specie. Small private and institutional issuers rushed to fill the gap with mini-assegni and fiduciary notes, and this 200 Lire sits squarely in that moment.

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