Bidspirit auction | Dívida Pública Portuguesa - Apólices

Dívida Pública Portuguesa - Apólices Pequenas Papel Moeda - Dívida Pública Portuguesa Apólices Pequenas Papel Moeda Lisbon, 1947 This work contains 80 pages. It specifically discusses small denomination notes, considered equivalent to currency due to their forced circulation, including for tax payments, thanks to decrees from March and July 1797. It explains how these notes — originally public debt instruments with interest rates of 5–6% — turned into informal fiat currency between 1797 and 1834, until they were gradually replaced by banknotes (Bank of Lisbon, later Bank of Portugal) and were discontinued in 1834. The book is presented as a technical study on the monetization of the Portuguese public debt during the period when paper money was still in its infancy. Ideal for economic historians, numismatic specialists, or enthusiasts of the evolution of financial institutions in Portugal.