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The Banco de Portugal series of Madeira in the World Currency contains 17 distinct entries. The Banco de Portugal (Bank of Portugal) was established by a royal charter of 19 November 1846, to act as a commercial bank and issuing bank. By 1887, Banco de Portugal

The Banco de Portugal series of Madeira in the World Currency contains 17 distinct entries.

The Banco de Portugal (Bank of Portugal) was established by a royal charter of 19 November 1846, to act as a commercial bank and issuing bank. By 1887, Banco de Portugal shared the right to issue banknotes with other institutions. With the publication of the Decree-Law of 9 July 1891, Banco de Portugal became the sole issuer of banknotes for the mainland, the Azores, and Madeira.

In April 1875, Banco de Portugal opened its first Madeira branch in the capital Funchal (derived from funcho, the Portuguese word for the fennel plant), run on a commission basis by João José Rodrigues Leitão & Filhos.

For more information, visit www.bportugal.pt.

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1899-S $1 MS

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