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500 Escudos

Issuer Banco Nacional Ultramarino
Year 1947
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Reference(s) P#35B
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Obverse lettering Banco Nacional Ultramarino 500$00 S. Tomé, 28 de Março de 1947. Pague contra este original de cheque (não o tendo feito pelo duplicado) á ordem de portador a quantia de QUINHENTOS ESCUDOS. Ao Banco Nacional Ultramarino
(Translation: National Bank Overseas 500$00 S. Tomé, March 28, 1947. Pay against this original check (not having made it for the duplicate) to bearer order the amount of Five Hundred Escudos. To National Bank Overseas)
Reverse description Plain unprinted reverse in cream-toned paper, showing show-through impressions from the obverse text and denomination; an embossed blind seal of the Banco Nacional Ultramarino is impressed directly into the paper stock at lower left.
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Comments

Bradbury, Wilkinson printed this note for Banco Nacional Ultramarino, the Lisbon-based colonial bank that held note-issuing rights across Portugal's overseas territories. The specific territory this note was intended for matters: BNU operated parallel series for Mozambique, Angola, Cape Verde, Portuguese India, and others, each with distinct overprints or engraving variants, and P#35B falls within the Mozambique series.

By 1947, Mozambique's wartime economic disruption had eased, but inflationary pressure on the escudo kept high-denomination notes in active commercial use rather than in savings. The 500 escudo value was substantial enough that these notes passed through relatively few hands — which works in favor of survivors today.

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