From the 1820s, several private banks issued paper money. The most extensive issues were by the "Banco de Lisboa", whose notes were denominated in both "réis" and "moedas", worth 4,800 "réis". This bank issued notes for 1,200 and 2,400 "réis", 1, 4, 10, 20, 50 and 100 "moedas". The "Banco Commercial de Braga", "Banco Commercial do Porto", "Banco de Guimaraes" and "Banco Industrial do Porto" also issued notes, with bearer cheques issued by a number of other banks between 1833 and 1887.