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| 正面铭文 | BANCO NACIONAL ULTRAMARINO EM S. TOMÉ CINCO CENTAVOS MOEDA CORRENTE LISBOA, 19 de Abril de 1918 O GOVERNADOR (Translation: National Overseas Bank in St. Tomé Five Centavos Currency Lisbon, 19 April 1918 The Governor) |
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| 背面铭文 | COLONIAS, COMMERCIO, AGRICULTURA BANCO NACIONAL ULTRAMARINO (Translation: Colonies, Commerce, Agriculture National Overseas Bank) |
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The Banco Nacional Ultramarino operated as a colonial issuing bank, and this 1918 emergency fractional note was produced in direct response to a severe coin shortage that gripped Portugal and its overseas territories during the First World War. Bronze and nickel coinage effectively vanished from circulation as metal was hoarded and diverted — small-denomination paper filled the gap across the Portuguese-speaking world.
The printer, Typographia Annuario Commercial, was a Lisbon commercial press better known for trade directories than currency work. That choice alone signals the urgency of the issue.