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2500 Réis

Issuer Banco Nacional Ultramarino
Year 1909
Type Standard circulation banknote
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Obverse lettering BANCO NACIONAL ULTRAMARINO O THESOUREIRO DA FILIAL EM LOANDA PAGARÁ Á VISTA AO PORTADOR DOIS MIL E QUINHENTOS REIS EM MOEDA CORRENTE VALOR RECEBIDO
(Translation: National Overseas Bank, The Branch Treasurer in Luanda, Will pay the holder on sight two thousand five hundred réis in current currency)
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Reverse lettering PAGAVEL NA FILIAL EM LOANDA BANCO NACIONAL ULTRAMARINO
(Translation: Payable at the branch in Luanda, National Overseas Bank)
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The Banco Nacional Ultramarino held a unique position in Portuguese colonial finance — chartered in Lisbon but operating as the note-issuing authority across multiple overseas territories simultaneously, including Mozambique, Angola, Cape Verde, and Portuguese India. A single plate design from Bradbury Wilkinson could therefore circulate under different overprints or countermarks across wholly separate colonial economies, which complicates provenance research on this series considerably.

Pick 30 is among the scarcer BNU issues of the period. The 1909 date places it at the tail end of the constitutional monarchy, two years before the revolution that abolished the House of Braganza and restructured colonial banking oversight entirely.