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50 000 Reis

Issuer Banco Nacional Ultramarino
Year 1909
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Printer Bradbury Wilkinson and Company, United Kingdom (1856-1990)
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Obverse description At left, an intaglio vignette portrays Vasco da Gama amid palm trees; the arms of Portugal are positioned at upper right, below which the branch seal inscription "Filial em Lourenço Marques" appears at lower centre. A secondary vignette at right illustrates the Embarkation of Vasco da Gama, the entire composition framed by elaborate guilloche borders. The denomination and issuing authority legends are rendered in letterpress across the face of the note.
Obverse lettering BANCO NACIONAL ULTRAMARINO O THESOUREIRO DA FILIALA EM LOURENÇO MARQUES PAGARÁ Á VISTA AO PORTADOR CINCOENTA MIL REIS EM MOEDA CORRENTE VALOR RECEBIDO
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Comments

Banco Nacional Ultramarino was a Lisbon-based institution chartered specifically to serve Portugal's overseas territories, and by 1909 it held note-issuing authority across a sprawling network of colonies from Mozambique to Macau. This particular denomination — 50,000 Reis — places the note in the final years before Portugal's 1911 monetary reform abolished the Reis entirely and replaced it with the Escudo at a rate of 1000:1, which instantly rendered all Reis-denominated paper redundant.

Bradbury Wilkinson's engraved intaglio work was among the most respected security printing of the period, their London facility having supplied colonial currency across multiple European empires simultaneously.

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