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20 Rupias
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1924 |
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| Value | Log in to see details |
| Currency | Rupia (1880-1958) |
| Composition | Log in to see details |
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| Obverse description | Central vignette of the Saptakoteshwar temple of Lord Shiva, located in Narve-Bicholim near Panaji, Goa, flanked on both sides by bilingual text panels. A boxed serial number appears at upper right and lower left, with the date at lower right and a signature panel below the central vignette. |
|---|---|
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| Reverse lettering | BANCO NATIONAL ULTRAMARINO |
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| Comments |
The Banco Nacional Ultramarino issued this note for Portuguese India — Goa, Daman, and Diu — where the rupia, not the escudo, remained the local unit of account well into the twentieth century. BNU held the note-issuing concession for Portuguese overseas territories, and the Goa branch operated semi-independently from Lisbon's monetary decisions for decades.
Thomas De La Rue printed the series in London. The 1924 date places it squarely in a period of chronic fiscal stress for Portugal itself, though the Indian branches remained relatively insulated from the metropolitan chaos of the early Republic years.