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50 000 Reis 50 Mil Reis; overprint

Uitgever Banco de Portugal
Jaar 1891
Type Log in om details te zien
Waarde Log in om details te zien
Valuta Real (decimalized, 1842-1910)
Samenstelling Log in om details te zien
Afmetingen Log in om details te zien
Vorm Log in om details te zien
Drukker Log in om details te zien
Ontwerper(s) Log in om details te zien
Graveur(s) Log in om details te zien
In omloop tot Log in om details te zien
Referentie(s) Log in om details te zien
Beschrijving voorzijde Log in om details te zien
Opschrift voorzijde Log in om details te zien
Beschrijving keerzijde Red-brown guilloche pattern covers the entire field; the numeral "50" and the denomination in text occupy the centre, with the value repeated in each corner and in a large underprint watermark-style design behind the central guilloche.
Opschrift keerzijde 50
REIS
50 CINCOENTA 50
MIL
5
(Translation: Fifty Thousand)
Handtekening(en) Log in om details te zien
Beveiligingstype Log in om details te zien
Beschrijving beveiliging Log in om details te zien
Varianten Log in om details te zien
Opmerkingen

Portugal's financial crisis of 1891 — triggered by the collapse of Brazilian rubber revenues, chronic trade deficits, and a catastrophic debt service burden — forced the government to suspend gold payments in May of that year. The Banco de Portugal responded with emergency measures, one of which was the creation of high-denomination overprinted notes to stretch existing paper money supply. This 50,000 Réis was produced by overprinting earlier stock at the bank's own Lisbon facility rather than commissioning new engraved plates abroad.

The 1891 suspension proved permanent in practice; Portugal did not return to the gold standard until 1931, by which point the réis itself had been replaced by the escudo at a rate of 1,000 to one.

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