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1 Rupia

Issuer Banco Nacional Ultramarino
Year 1924
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Printer Thomas De La Rue & Company, London, United Kingdom
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Obverse lettering BANCO NACIONAL ULTRAMARINO EM NOVA GOA DECRETO No 17154 एक रुपया LISBOA, 1 de Janeiro de 1924. UMA RUPIA PAGÁVEL AO PORTADOR EM MOEDA CORRENTE, VALOR RECEBIDO
(Translation: National Bank Overseas in Nova Goa Decree no. 17154 One Rupee Payable to the bearer in currency, amount received)
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Reverse lettering BANCO NACIONAL ULTRAMARINO UMA RUPIA
(Translation: National Bank Overseas One Rupee)
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Comments

The Banco Nacional Ultramarino's rupia issues for Portuguese India occupy an odd corner of colonial currency history — a Portuguese institution issuing denominations in a unit derived from the Indian rupee, for a territory that Portugal had held since 1510 but which sat entirely within the commercial orbit of British India. The BNU held the note-issuing monopoly for Portuguese India, Macau, and Timor, and Thomas De La Rue handled the printing for much of this period.

P#23 is scarce in any grade. The 1924 rupias saw limited replacement cycles in Goa's small economy, and attrition was high in the coastal humidity.

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