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200 Lire Credito Artigiano

Issuer Credito Artigiano
Year 1977
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Value 200 Lire (200 ITL)
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Obverse lettering IL Credito Artigiano SOC p. AZ. - Milan - PIAZZA S. FEDELE 4 - CAP. SOC. E RIS. L. 11.374.358.467 Milano 3-1-1977 pagherà a vista per questo Assegno Circolare L. 200 Lire DUECENTO a ASSOCIAZIONE ARTIGIANI DI MILANO E PROVINCIA VALE 200 LIRE
(Translation: The Artisans Credit Ltd. Co. - Milan, S. Fedele Square 4 (address) - Share Capital & Reserves: 11,374,358,467 Lire Milan, 1-3-1977 (January 03, 1977) will pay 200 Lire for this cashier's check on sight. Two Hundred Lire (payee) Association of Artisans of Milan and Province Value 200 Lire)
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Reverse lettering GIRATE ASSOCIAZIONE ARTIGIANI DI MILANO E PROVINCIA Credito Artigiano IL PRESENTE ASSEGNO PUÒ CIRCOLARE SOLTANTO IN ITALIA
(Translation: Endorsement Association of Artisans of Milan and Province Artisans Credit This check may be circulated only in Italy)
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Comments

Credito Artigiano was a Milan-based cooperative credit institution serving Italy's artisan and small-business sector — a category of lender that held a specific legal status under Italian banking law. These 200 lire notes belong to the wave of miniassegni, the small-denomination cheques issued by banks and commercial entities from 1976 onward to plug a genuine coin shortage. The Italian state had been hemorrhaging metal coinage for years, much of it hoarded or exported for its raw material value as inflation eroded face values.

Technically cheques rather than banknotes, miniassegni were legally payable only by the issuing institution — though in practice they circulated freely as small change.

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