Collection - Coins and Notes - Diário de Notícias #72 2 Centavos Notgeld

Braga's municipal chamber issued this 2 centavos emergency note in 1920 as part of a nationwide response to a catastrophic shortage of low-denomination coinage that had been building since the early years of the Republic. The Portuguese mint simply could not keep fractional coin in circulation — bronze and copper were hoarded, worn to illegibility, or simply absent from trade. Municipalities, businesses, and even some parishes stepped in with their own paper substitutes, a phenomenon that peaked between 1918 and 1922.

The "Diário de Notícias" collection reference indicates this piece was distributed as part of a newspaper-sponsored collector series decades after original issue — meaning many surviving examples were never actually tendered for goods.