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The certificate includes several relevant features:
- Header: Italian Republic, General Directorate of Public Debt.
- Type of Title: Buono del Tesoro Poliennale 12.50% - November 1, 1990/1997.
- Nominal Value: Fifty million lire.
- Gross Annual Interest: 12.50%.
- Series and Number: Series 0013, No. 00027.
- Issue Date: November 1, 1990.
- Registration Date: November 2, 1990.
- Signature: Includes the signatures of the General Director and the Chief Executive.
- Code: 12673.
- Printing: IPZS, Officina Carte Valori, Rome.
- Image: Portrait of Leonardo da Vinci.
Content Summary
The document certifies the issuance of a Buono del Tesoro Poliennale with a nominal value of fifty million lire, with a gross annual interest rate of 12.50%. It is registered in the Grand Book of Public Debt with effect from November 1, 1990. The certificate also includes a coupon that contains the same main information.
Historical Context
The public debt of the Italian Republic has deep roots dating back to the formation of the modern Italian state. In the 1980s and 1990s, Italy faced a series of economic challenges, including a high inflation rate and a growing public debt. The Buoni del Tesoro Poliennali (BTP) were one of the instruments used by the government to finance public debt. These government bonds were issued with various maturities and interest rates to attract both national and international investors.
The image of Leonardo da Vinci, one of the greatest geniuses of the Italian Renaissance, symbolizes the excellence and cultural heritage of Italy. The choice to include his portrait on a public debt certificate reflects a desire to connect the economic stability of the present with the rich cultural history of the past.
Collectible Significance
This bond certificate is of great interest to collectors of historical and financial documents. The presence of Leonardo da Vinci's image adds further cultural and historical value to the document. The decorative elements, authenticated signatures, and official stamps confer aesthetic and historical value, making this certificate a valuable item for those interested in the economic and cultural history of Italy.
