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200 Lire Credito Varesino
| Issuer | Credito Varesino S.p.A. |
|---|---|
| Year | 1976-1977 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | il (logo) CREDITO VARESINO S.p.A. - Sede in Varese Capitale Sociale L. 12.000.000.000 Riserve L. 7.447.884.048 PAGHERA A VISTA PER QUESTO ASSEGNO CIRCOLARE Lire DUECENTO ** a UNIONE COMMERCIANTI PROVINCIA DI VARESE Varese, 1/12/1976 CREDITO VARESINO (serial number) (signature) VALE 200 LIRE (Translation: The Varese Credit Limited Company Headquarters in Varese Share Capital: 12,000,000,000 Lire Reserves: 7,447,884,048 Lire will pay Two Hundred Lire for this cashier's check on sight. (payee) Merchants Union of the Province of Varese Varese, 12/1/1976 (December 01, 1976) Varese Credit Value 200 Lire) |
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| Reverse lettering | GIRATE UNIONE COMMERCIANTI PROVINCIA DI VARESE IL PRESIDENTE (Dott. A. Taborelli) (signature) VALE 200 LIRE Il presente assegno può circolare soltanto in Italia (Translation: Endorsement Merchants Union of the Province of Varese The President Value 200 Lire This check may be circulated only in Italy) |
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| Comments |
Credito Varesino was a regional savings institution based in Varese, Lombardy. This 200 Lire note belongs to the wave of fiduciary mini-assegni — small-denomination bearer checks — that Italian banks and commercial entities issued from the mid-1970s onward to compensate for a genuine, prolonged shortage of low-value coinage. The Italian state mint simply could not keep pace with demand, and small change effectively disappeared from daily commerce.
These instruments had no legal tender status. Their acceptance depended entirely on local trust in the issuing institution, which is precisely why regional banks rather than national ones dominated the phenomenon. Credito Varesino's circulation would have been concentrated in Varese province.