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50 Lire Istituto Bancario Italiano
| Issuer | Istituto Bancario Italiano |
|---|---|
| Year | 1976-1977 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 112 × 62 mm |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ISTITVTO BANCARIO ITALIANO SOC. PER AZ. - SEDE LEGALE IN MILANO - CAP. L. 10.000.000.000 - RISERVE L. 28.000.000.000 - TRIB. MILANO 97265 REG. SOC. PAGHERÀ A VISTA PER QUESTO ASSEGNO CIRCOLARE LIT. LIRE Cinquanta A Società delle Autostrade di Venezia e Padova VENEZIA 9-4-1977 VALE 50 LIRE ISTITVTO BANCARIO ITALIANO SEDE DI VENEZIA MARCO SPADA & C. S.P.A. - MILANO - STAMPA SIMULTANEA DI SICUREZZA G.W.P.E.L. |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Guilloche underprint, Security printing |
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| Variants | Log in to see details |
| Comments |
The Istituto Bancario Italiano was a private credit institution, not a central bank, and by the 1970s Italy's patchwork of smaller banking entities were still legally permitted to issue certain classes of fiduciary instruments — though in practice these 50 Lire notes functioned more as emergency small-change substitutes than as conventional banknotes. Coin shortages in Italy during the mid-1970s were severe enough that businesses, transit authorities, and private banks all issued paper tokens and mini-assegni to fill the gap left by hoarded or melted coinage.
Marco Spada & C. was a Milan-based security printer with a narrow specialization in exactly this kind of fractional commercial paper.