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20 Centavos

Issuer Banco Nacional Ultramarino
Year 1914
Type Standard circulation banknote
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Obverse lettering BANCO NACIONAL ULTRAMARINO EM LOANDA VINTE CENTAVOS MOEDA CORRENTE LISBOA, 5 de Novembro de 1914
(Translation: National Overseas Bank in Luanda, Twenty centavos, current currency, Lisbon, 5 November 1914)
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Reverse lettering BANCO NACIONAL ULTRAMARINO 0$20
BRADBURY WILKINSON & Cª GRAVADORES, LONDRES
(Translation: National Overseas Bank; Bradbury Wilkinson & Co. Engravers, London)
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Comments

The Banco Nacional Ultramarino was Portugal's designated issuing bank for its overseas territories, and this 1914 note almost certainly served one of those colonial outposts rather than metropolitan Portugal itself — though the Pick reference alone doesn't settle which territory definitively. Bradbury Wilkinson, by this point a well-established British security printer, produced notes for dozens of colonial authorities operating under European metropolitan oversight.

At 20 centavos, this is a fractional denomination — the kind typically pressed into service when coin shortages made small-change transactions impractical.

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