50 Lire Cassa Rurale di Vermiglio

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.