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50 000 Reis

Issuer Banco Nacional Ultramarino
Year 1909
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Reference(s) P#42
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Reverse description A central oval vignette, enclosed within an elaborate guilloche surround, presents an allegorical seated female figure before a ship under sail. The denomination numeral "50" appears in large figures to either side of the central vignette, set against a multicolour guilloche underprint incorporating green, red, and ochre tones.
Reverse lettering PAGAVEL NA FILIAL EM LOURENÇO MARQUES BANCO NACIONAL ULTRAMARINO
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Comments

Banco Nacional Ultramarino was a Lisbon-based institution chartered specifically to serve Portugal's overseas territories, and by 1909 it held note-issuing authority across a sprawling network of colonies from Mozambique to Macau. This particular denomination — 50,000 Reis — places the note in the final years before Portugal's 1911 monetary reform abolished the Reis entirely and replaced it with the Escudo at a rate of 1000:1, which instantly rendered all Reis-denominated paper redundant.

Bradbury Wilkinson's engraved intaglio work was among the most respected security printing of the period, their London facility having supplied colonial currency across multiple European empires simultaneously.

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