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50 Lire Cassa Rurale di Vermiglio

Issuer Cassa Rurale di Vermiglio
Year 1977
Type Emergency banknote
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Obverse description Light blue guilloche underprint with geometric border surrounds the note. At upper left, a colour photographic vignette of the Tonale-Presena alpine landscape with construction machinery. To the right, the issuer's green and orange logo for the Valli di Sole, Pejo e Rabbi. Date, denomination in words and figures, and payee text appear in the centre field.
Obverse lettering CASSA RURALE DI VERMIGLIO
Società Cooperativa a Responsabilità Illimitata
lì 15-11-1977
a vista pagate per questo
assegno bancario
Lire it. cinquanta
a favore GRAND HOTEL MIRAMONTI - Passo Tonale
c/c n. 100*** VAL DI SOLE (TN)
IMPOSTA DI BOLLO ASSOLTA VIRTUALMENTE
AUTORIZZAZIONE INT. FINAN. TRENTO N° 30499/77 del 25-10-77

Lit. 50

Valli di Sole Pejo e Rabbi

Tonale - Presena
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Comments

Cassa Rurale di Vermiglio was one of dozens of small cooperative savings banks operating in the Trentino valleys that issued locally printed emergency fractional currency during the severe coin shortage of the 1970s. These fiduciary notes — technically illegal under Italian law but tolerated by authorities who had no practical solution to the shortage — circulated as small change within tight geographic limits, accepted by local merchants who trusted the issuing institution by name.

Tipolitografia Andreis in Malé printed several of these valley notes. Production quality varied run to run, and the paper stock used was never archival grade.

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