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5 Centavos Braga

Issuer Câmara Municipal de Braga
Year 1920
Type Local banknote
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Reverse description Printed in dark blue on beige paper, the reverse carries the issuing authority name and denomination within a decorative letterpress border consistent with the obverse design. A central vignette presents the Arco da Porta Nova, one of Braga's historic city gateways, set within an ornamental frame. The text 'CAMARA MUNICIPAL DE BRAGA' and the value statement appear in the surrounding typeset panel.
Reverse lettering CAMARA MUNICIPAL DE BRAGA Vale 5 Centavos Arco da Porta Nova
(Translation: Braga City Council Worth 5 cents Arch of the New Gate)
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Comments

Portugal's severe coin shortage during and after World War One prompted hundreds of municipal chambers to issue their own small-denomination cédulas — emergency paper substitutes for bronze and cupro-nickel coins. Braga's chamber was among the more prolific issuers in the Minho region, producing several denominations across multiple dates in 1920. These notes circulated almost exclusively within the municipality and were theoretically redeemable against coins whenever the shortage eased, which for many issuers never quite happened on schedule.

Surviving examples frequently show heavy fold wear — pocket and till use at low denominations was punishing.

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