Product Description
SCWPM.#50 - TBB.#B201a - Date: 21-6-1976Grade: Unc. - Original Scan.
Purple Signature stamp - Serial: 9020470
This colour is not mentioned in the Banknote catalogue.
Description: Colour: Pink on bluish-green.
Uniface: Portuguese text; bank logo.
No security thread. Watermark: None.
Printer: (Lisbon State Mint).
Size: 168 x 75 mm. - Material: Paper.
General information: 1976 Circulating Bearer Cheque Issues
On 21 June 1976, Decree Law Nº 115/76 authorized the Banco Nacional de S. Tomé e Príncipe to issue 15 million escudos worth of the following bearer cheques which were “compulsorily acceptable just as notes for payments of any expenses.”
The bearer cheques were intended to be used for six weeks, after which time they could be exchanged for banknotes.
After three months, the bank began withdrawing the bearer cheques, and they ceased to circulate just six months after introduction.
Source: The Banknotebook.
