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50 Avos Banco Nacional Ultramarino
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1944 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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|---|---|
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| Reverse description | The reverse is printed in orange and centres on a large oval guilloche vignette with an intricate engine-turned underprint. The numeral '50' occupies the centre of the oval within a circular cartouche, flanked by decorative roundels bearing Chinese characters. A scrollwork border frames the entire composition, with the bank name in Portuguese arched along the upper oval edge and Chinese legends arranged along the lower border. |
| Reverse lettering | MACAU BANCO NACIONAL ULTRAMARINO CINCOENTA AVOS 50 AVOS 毫伍 行銀理滙外海國洋西大 門澳 |
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| Comments |
The Banco Nacional Ultramarino's wartime Macau issues were printed locally under Japanese occupation of Hong Kong — which makes the Hongkong Printing Press attribution here genuinely awkward. Hong Kong fell to Japan in December 1941, and by 1944 any commercial printing there operated under Japanese administration. Macau itself remained nominally Portuguese throughout the war, a precarious neutrality that kept the colony functioning as a financial enclave even as the surrounding region collapsed.
Whether this note was actually produced in occupied Hong Kong or whether the imprint reflects an earlier printing arrangement is a question the physical evidence of surviving examples hasn't fully resolved.