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20 Centavos
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1921 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Reference(s) | P#21 |
| Obverse description | ND (1921 - old date 5.11.1914). Blue on multicolor underprint. Arms at right, steamship seal at lower center. Signature varieties. Back: Allegorical woman looking out at sailing ships at center. Printer: BWC. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO NACIONAL ULTRAMARINO 0$20 (Translation: National Overseas Bank 0$20) |
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| Comments |
Bradbury, Wilkinson printed this note for Banco Nacional Ultramarino's Mozambique branch during a period when fractional paper currency was being pushed into circulation to address a severe shortage of small-denomination coin across Portuguese colonial territories. The chronic coin famine affected multiple colonies simultaneously, and BNU responded with low-denomination notes across several issues in the early 1920s.
The 1921 fractional series is notably scarce in any condition — low-value circulating paper rarely survived sustained use in tropical climates, and redemption rates were high once metal coinage eventually returned.