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Colecção - Moedas e Notas - Diário de Notícias #18 - 18 mil reis

Issuer Banco de Portugal
Year 1854
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Composition Paper
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Obverse description Black intaglio on cream paper with ornate engraved border. Central vignette shows the Portuguese royal coat of arms flanked by two allegorical female figures. The denomination Rs 18$000 appears in four corner cartouches and along both lateral margins. Large letterpress text reads DEZOITO MIL REIS across the centre, with issue date and serial number below.
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Reverse lettering BANCO DE PORTUGAL
18 000 Rs
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Comments

The Banco de Portugal's earliest note series of the 1850s came at a moment when the institution was still consolidating its monopoly on paper money issuance — a privilege formally granted only in 1846 after its merger with the Banco de Lisboa. The 18 mil réis denomination is an oddity by any standard; fractional-feeling values like this reflect a transitional monetary arithmetic rather than any clean decimal logic.

Printed domestically at a time when most Portuguese fiduciary issues relied on foreign presses, this note is among the earlier examples of in-country production for the Banco de Portugal series.

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