1 Centavo Coruche

Coruche is a small market town in the Ribatejo, and its câmara municipal issued emergency paper cédulas during the acute coin shortage that gripped Portugal in the early 1920s. The national government had failed to produce sufficient small-denomination coinage, forcing hundreds of municipalities, cooperatives, and commercial houses to print their own fractional notes — a legally tolerated stopgap that flooded the country with thousands of local issues between roughly 1917 and 1925.

MA#773 places this among the catalogued municipal cédulas, though Coruche's issues remain among the less-documented in the series. Survivorship is uneven across the municipal cédula corpus generally, with rural issues often appearing in far smaller quantities than urban equivalents.