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600 Escudos

Issuer Banco Nacional Ultramarino
Year 1959
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Value 600 Escudos
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Protection type Watermark
Protection description Portrait of Afonso de Albuquerque.
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Comments

The Banco Nacional Ultramarino served as the note-issuing authority across Portugal's overseas territories rather than the metropole itself, and by 1959 was still printing for multiple African and Asian jurisdictions simultaneously — which is why De La Rue maintained distinct plate sets for each territory's issues. The 600 Escudos denomination is an unusual unit, not part of a conventional decimal or dyadic series, and its selection likely reflected a specific monetary-supply calculation rather than any standard progression.

P#45 is scarce in higher grades; the paper stock used across this BNU series is known to brown and soften under tropical storage conditions, which was the practical reality for most of the currency's working life.

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