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50 Lire Istituto Nazionale di Credito per il Lavoro Italiano all'Estero
| Issuer | Istituto Nazionale di Credito per il Lavoro Italiano all'Estero |
|---|---|
| Year | 1924 |
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| Composition | Paper |
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| Obverse lettering | ISTITUTO NAZIONALE DI CREDITO PER IL LAVORO ITALIANO ALL'ESTERO SOCIETÀ ANONIMA PER AZIONI CREATA COL R. DECRETO LEGGE 15 DICEMBRE 1923 N. 3148 PUBBLICATO NEL N. 35 GAZZETTA UFFICIALE DEL REGNO - 11 FEBBRAIO 1924. CAPITALE STATUTARIO DI LIRE 100 MILIONI IN AZIONI DI L. 50 CADAUNA CON L'INTERESSE MINIMO GARANTITO DAL FONDO DELL'EMIGRAZIONE DEL 4,50 % ANNUO. SEDE SOCIALE E DIREZIONE GENERALE ROMA DURATA DELLA SOCIETÀ ANNI TRENTA TITOLO DA UNA AZIONE AL PORTATORE DI LIRE ITAL. CINQUANTA SERIE A. N° (TASSE DI BOLLO CORRISPOSTE VIRTUALMENTE — ART. 9 R. DECRETO LEGGE 15 DICEMBRE 1923.) 11 RIMBORSO Il Commissario Straordinario |
| Reverse description | Plain cream paper with a simple ruled rectangular border and small decorative corner ornaments. The entire surface carries typeset text in Italian advising on share sales through Italian banks and Royal Consuls abroad, with the headquarters address in Rome. |
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| Comments |
The Istituto Nazionale di Credito per il Lavoro Italiano all'Estero was established in 1919 specifically to support the financial needs of Italian emigrant workers — a population numbering in the millions, concentrated heavily in the Americas and northern Europe. This 50 Lire note dates from 1924, the same year Mussolini consolidated power following the Matteotti crisis, a period in which emigrant remittance flows were politically sensitive and increasingly surveilled by the new regime.
The institute was not a commercial bank in the conventional sense; it operated under state mandate, channeling worker savings back into Italy. Notes of this type had a narrow functional life, and survivors in any condition are uncommon.