1965 Bank of Portugal 100 Escudos Note - Camilo Castelo Branco Type - 1965 Portuguese One Hundred (Cem) Escudos Banknote - P#169a

This listing is for the photographed 1965 Banco de Portugal 100 Escudos Bank Note. Issued on November 30th, 1965, in Lisbon, Portugal. The obverse of this note depicts a portrait of Camilo Castelo Branco on the right end. The reverse shows the city of Porto in the 19th century. Very Fine (VF) great/condition, some visible folds and signs of circulation. Great piece of history and an excellent addition to any collection. P#169a (Pick Number 169a).

The Banco de Portugal is the central bank of Portugal, founded on November 19, 1846. Its creation came as a merger between two older institutions: the Banco de Lisboa and the Companhia Confiança Nacional. Initially, it functioned as a private commercial bank with the authority to issue banknotes and manage Portugal’s currency system. By the mid-19th century, Portugal was struggling with financial instability, which led to a lack of confidence in multiple currency issuers. In response, the state sought to centralize control of the money supply. In 1887, the government granted the Banco de Portugal the exclusive right to issue banknotes across the entire country. In 1911 the national currency switched from the Reis to the Escudo, changing the banknotes in the process. The early history of the Bank of Portugal is extremely interesting and provides great insight into the nation's economic history!

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1965 Bank of Portugal 100 Escudos Note - Camilo Castelo Branco Type - 1965 Portuguese One Hundred (Cem) Escudos Banknote - P#169a