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2 500 Reis

Issuer Banco Nacional Ultramarino
Year 1909
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Shape Rectangular
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Obverse description Portrait vignette of Vasco da Gama at left, colonial arms at upper centre, and an oval seal inscribed COLONIAS COMMERCIO AGRICULTURA at lower centre, with a sailing ship vignette at right. The note bears a guilloche underprint with denomination numerals in the side panels. Text panel carries the full obligation legend in Portuguese across the face.
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Reverse lettering PAGAVEL NA FILIAL EM LOURENÇO MARQUES BANCO NACIONAL ULTRAMARINO
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Comments

Banco Nacional Ultramarino occupied an unusual position in Portuguese colonial finance — it held note-issuing rights not just for one territory but simultaneously across multiple overseas possessions, a monopoly arrangement that made it structurally unlike most central or colonial banks of the period. This note predates the collapse of the Portuguese monarchy by barely a year; the Republic was proclaimed in October 1910, and transitional reissues of existing BNU stock were common in the immediate aftermath.

Bradbury Wilkinson's involvement places it within a well-documented production lineage, though attributing specific engravers to individual colonial issues from this house remains difficult without archival records.

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