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50 Lire Cassa Rurale di Panchià
| Issuer | Cassa Rurale di Panchià |
|---|---|
| Year | 1978 |
| Type | Emergency banknote |
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| Obverse description | Red and orange concentric-circle guilloche underprint covers the left two-thirds of the note, with the issuer name and denomination numeral 50 at top. A colour photographic vignette of a rural village street scene with a lamp post occupies the right portion within a yellow border. A circular bank seal and a manuscript signature appear at lower left. |
|---|---|
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| Reverse lettering | IL PRESENTE ASSEGNO PUÒ CIRCOLARE SOLTANTO IN ITALIA GIRATE EUROSTANDARD S.p.A. IL Consigliere Delegato 50 |
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| Comments |
Cassa Rurale di Panchià is a small rural cooperative credit institution in Trentino, and like dozens of similar bodies in northern Italy, it briefly issued low-denomination fiduciary notes in the late 1970s to address a genuine shortage of small coin in circulation. The Italian "moneta mancante" crisis of that decade pushed cooperative banks, tobacconists, and even transit companies into producing unofficial substitute currency — these cassa rurale notes occupy the more formally structured end of that spectrum, issued by licensed banking entities rather than private merchants.
The watermark is notably sophisticated for a purely local instrument of this value.