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| 背面描述 | Plain grey-blue underprint with a large numeral 50 rendered in ornate interlocking guilloche numerals occupying the entire field, surrounded by scrollwork and floral rosette corner ornaments within a simple ruled border. |
| 背面铭文 | 50 |
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Portugal's 1891 financial crisis — triggered by the suspension of gold convertibility in May of that year — forced a rapid expansion of small-denomination paper into circulation to substitute for hoarded coin. The 50 Réis note belongs to that emergency issue. Casa da Moeda printed it domestically, which was itself unusual; the country had previously relied on foreign contractors for higher-denomination notes.
This particular example is a collector reissue produced by Casa da Moeda for the Diário de Notícias newspaper series, not an original circulated specimen.