Catalog
50 Rupias
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1938 |
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| Printer | Thomas De La Rue & Company, London, United Kingdom |
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| Obverse description | Blue on brown underprint. A central vignette of an elephant is flanked by language panels on both sides; a steamship vignette appears at lower left and the Portuguese coat of arms at lower center. The date is positioned at upper left, the boxed serial number at upper right and lower left, with a signature panel along the bottom margin. |
|---|---|
| Obverse lettering | BANCO NACIONAL ULTRAMARINO EM NOVA GOA CINCOENTA RUPIAS PAGÁVEL AO PORTADOR NA INDIA PORTUGUÊSA DECRETO No. 17.154 LISBOA, 11 de JANEIRO de 1938. (Translation: National Bank Overseas in Nova Goa Fifty Rupee Payable to bearer in Portuguese India Decree no. 17,154 Lisbon, January 11, 1938.) |
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| Comments |
Banco Nacional Ultramarino issued this note for Portuguese India — the Estado da India territory centered on Goa, Daman, and Diu — where the Rupia served as the distinct local currency rather than the metropolitan Escudo. Thomas De La Rue printed the series in London, as they did for most Portuguese colonial issues of this period, and the 1938 date places it squarely in the Salazar-era rationalisation of Portuguese overseas banking administration.
Pick 34 is notably scarcer than the higher-denomination notes of the same series, likely because the 50 Rupias circulated harder and longer in daily trade.