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5 Centavos Pezo da Regoa
| Issuer | Câmara Municipal de Pezo de Regoa |
|---|---|
| Year | 1922 |
| Type | Log in to see details |
| Value | 5 Centavos (0.05 PTE) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CAMARA MUNICIPAL DE PEZO DE REGOA VALE 5 CENTAVOS SERIE - H DELIBERAÇÃO DE 8 DE JUNHO DE 1922 (Translation: Pezo de Regoa Municipal Council / Worth 5 Centavos / Series H / Deliberation of 8 June 1922) |
| Reverse description | Brown letterpress print. A vignette at centre portrays a traditional rabelo boat, characteristic of the Douro River, evoking the local wine trade. The wharf name serves as the principal legend below the vignette. |
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| Comments |
Peso da Régua's municipal chamber issued small-denomination emergency notes — known in Portugal as cédulas — during the chronic coin shortage that plagued the country through the early 1920s. The central government's inability to keep fractional coinage in circulation pushed hundreds of municipalities, parishes, and private commercial houses to print their own substitutes, most with no formal authorization beyond local tolerance.
Régua's notes from this period are among the less frequently encountered municipal issues from the Douro region, partly because a wine-trading town of that size had relatively limited paper circulation volume. Survivorship is accordingly thin.