100 Escudos

Banco Nacional Ultramarino was the Portuguese colonial bank of issue, with note-issuing authority across a sprawling network of territories including Mozambique, Angola, Timor, and Portuguese India. A single series could circulate across multiple territories depending on the overprint applied — or none at all, if issued for metropolitan Portuguese use. The P#72A designation places this within a defined print run, though Bradbury Wilkinson produced notes for BNU across several overlapping contracts during this period, making precise attribution of individual impressions genuinely difficult.

1909 sits just two years before the fall of the Portuguese monarchy. Fiscal confidence in Lisbon was already strained.