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5 Avos Banco Nacional Ultramarino
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1946 |
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| Currency | Pataca (1894-date) |
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| Obverse description | Brown and green lithographed note with a large guilloche underprint at centre bearing the numeral '5' in an ornate cartouche, flanked by scrollwork and lathe-work borders. The bank name 'BANCO NACIONAL ULTRAMARINO' and 'MACAU' are inscribed at the top, with Chinese characters reading the bank name along the upper edge and the denomination '伍仙' at the upper right. Signature lines for 'O DIRECTOR DE FAZENDA' and 'O GERENTE' appear at lower left and right respectively, with the decree reference and serial number in a rectangular panel at the foot. |
|---|---|
| Obverse lettering | 行銀理滙外海國洋西大 BANCO NACIONAL ULTRAMARINO MACAU O DIRECTOR DE FAZENDA | O GERENTE 5 CINCO AVOS DECRETO № 35,785 LISBOA, 6 DE AGOSTO DE 1946 LITO. BY THE HONG KONG PRINTING PRESS (1946) LTD. |
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| Comments |
The Banco Nacional Ultramarino served as the note-issuing authority for Portuguese Macau from its concession in 1902, and this 5 Avos — essentially a fractional note — was produced locally in Hong Kong rather than in Lisbon or Coimbra. That printing choice was entirely practical: wartime disruptions had already severed reliable long-distance supply chains, and by 1946 the Hong Kong press offered a faster, cheaper solution for low-denomination fiduciary paper.
The avo denominations were notoriously short-lived in circulation, worn down quickly and seldom saved. Intact examples at this size are harder to find than the higher denominations of the same issue.