5000 Réis 5th. print

Banco de Portugal's 5000 Réis notes of this printing were issued in the final years before Portugal's monetary system began its slow collapse under the weight of chronic budget deficits and colonial overextension. The réis-denominated series would eventually give way to the escudo system introduced in 1911, making these late prints transitional survivors of a currency regime already losing institutional confidence.

The fifth printing distinction matters to specialists: progressive printings of this type show incremental differences in serial number ranges and signature combinations that allow precise dating within the 1901–1902 window. Pick 80 is frequently underdocumented at the printing level, and misattribution between the fourth and fifth states is common in general catalogs.