200 Lire Cassa Rurale di Cogolo-Pejo

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背面描述	Plain cream-white upper portion reserved for endorsement, with issuer and payee legends in letterpress. The lower two-thirds carry a golden guilloche underprint of concentric circular lathe-work. At centre, a square colour vignette reproduces the Pejo ski-resort logo — a cable car silhouette over a stylised mountain peak against a blue ground — with PEJO below. Denomination 200 in bold at foot.
背面铭文	IL PRESENTE ASSEGNO PUO' CIRCOLARE SOLTANTO IN ITALIA GIRATE ALBERGO CENTRALE-PEJO PEJO 200
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备注	Cogolo and Pejo are adjacent villages in the Val di Pejo, a remote Alpine valley in Trentino. The Cassa Rurale — a Catholic cooperative credit institution of the type that proliferated across northern Italy from the late nineteenth century onward — issued this note as emergency fractional currency during the national coin shortage of the 1970s, when Italian small-denomination coinage had effectively disappeared from everyday commerce. Hundreds of local institutions across Italy did the same, producing what collectors now classify as "miniassegni" or fiduciary notes. Tipolito 3A in Turin supplied printing services to numerous small issuers during this period, meaning the production quality here is more consistent than the note's humble origin might suggest.

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