Collection - Coins and Notes - Diário de Notícias #51 50 Escudos

Pick 116 belongs to a short-lived series that Banco de Portugal issued in the immediate aftermath of the First World War, when Portugal's public finances were under severe strain. The country had entered the war in 1916 partly to protect its African colonies from Allied partition, and the resulting debt — compounded by wartime inflation — forced repeated emergency emissions throughout 1920.

The "Diário de Notícias" designation in this collection's naming refers to a promotional series issued by the Portuguese newspaper of the same name, where reproduction notes were distributed as collectibles with print runs — not legal tender, but catalog-documented facsimiles of genuine circulating types.

The genuine P#116 was printed by Waterlow & Sons in London.