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Paper Money

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Authors

Merger of the Lisbon bank

In 1846, with the merger of the Bank of Lisbon and the Companhia Confiança Nacional, the Bank of Portugal was founded, which could issue banknotes for the whole country.

First Western countries to issue banknotes

Further west, the first country to issue banknotes was Sweden in 1661, followed later by England.

Before the notes...

In Portugal, various paper documents circulated, such as promissory notes and bills of exchange, and later receipts or certificates issued during the reign of King Pedro II.

first notes on the merger of Banco de Lisboa with CCN (Companhia Confiança Nacional)

Its first banknotes were issued in 1847, still bearing the watermark of the Bank of Lisbon.

The first banknotes

The first banknotes were issued in China during the Song dynasty between the 10th and 11th centuries to facilitate trade.

Even more notes...

In 1835, the Bank of Porto was established, which also issued its own banknotes from 1836 onwards.

The first Portuguese banknotes

The first Portuguese banknotes were issued in réis by the Bank of Lisbon in 1822, during the reign of King João VI.

The only bank in Portugal

In 1891, the Bank of Portugal effectively became the only bank issuing banknotes in Portugal.