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5 Centavos Monchique
| Issuer | Câmara Municipal de Monchique |
|---|---|
| Year | |
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| Composition | Log in to see details |
| Size | 87 × 61 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CAMARA MUNICIPAL DE MONCHIQUE 3.ª Serie 5 CENTAVOS O Presidente da Comissão Executiva (José da Gloria Pinto) (Translation: Monchique Municipal Council 3rd Series 5 Centavos The President of the Executive Committee (José da Gloria Pinto)) |
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| Protection description | No watermark. |
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| Comments |
Monchique is a small inland municipality in the Algarve, and like dozens of Portuguese councils during the cédula crisis of 1918–1920, it resorted to issuing its own fractional paper money when small-denomination coinage vanished from circulation almost entirely. Wartime metal shortages had drained the country's subsidiary coinage, and the central government was slow to respond — leaving municipal chambers, parishes, and even private businesses to fill the gap with locally authorized cédulas.
The watermarked paper was a minimum security requirement mandated for municipal issues, though enforcement was inconsistent across the country. José da Gloria Pinto's signature as authorizing official is the primary accountability mechanism on the note.