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20 Escudos

Issuer Banco Nacional Ultramarino
Year 1967
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Reference(s) P#26
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Reverse lettering BANCO NACIONAL ULTRAMARINO 20 VINTE ESCUDOS BANCO NACIONAL ULTRAMARINO LISBOA-1864
(Translation: National Overseas Bank, Twenty Escudos, National Overseas Bank, Lisbon-1864)
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Protection description Watermark visible in the plain oval field at right on the reverse; likely a portrait or geometric motif embedded in the paper during manufacture.
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Comments

The Banco Nacional Ultramarino was Portugal's primary instrument for managing currency across its overseas territories, and this 20 Escudos note was issued for circulation in Portuguese Guinea — one of several African colonies where the BNU held exclusive note-issuing authority under concession from Lisbon. The seven distinct signature combinations on Pick 26 indicate an unusually long active life for a single design type, with Francisco José Vieira Machado appearing as a constant across all pairings, suggesting his tenure as a senior signatory anchored the series through multiple administrative changes.

Bradbury Wilkinson's New Malden facility was at this point producing colonial currency for several European powers simultaneously.

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