Angolan escudo
The Angolan Escudo was the currency of the Portuguese colony of Angola from 1914 to 1928 and again from 1958 to 1977. It was divided into 100 Centavos and 20 Macuta . The Angolan escudo was equivalent to the Portuguese escudo .
history
The escudo became a general currency in Portugal's colonies in 1914, three years after its introduction in Portugal. The escudo replaced the Angolan real (rice) in the ratio of 1000 réis = 1 escudo. When the Angolar was introduced in 1928 , the Angolan escudo banknotes could only be exchanged at a ratio of 1.25 escudos = 1 Angolar, while the old centavo coins remained in circulation unchanged with the same exchange value (1 to 1 to the Portuguese escudo). Since the Angolar - just like the Angolan escudo before 1928 - was equal in value to the Portuguese escudo, this practically meant a devaluation of the Angolan escudo banknotes.
From 1953, Portugal began to unify the currencies of its colonies, which led to the reintroduction of the escudo in Angola in 1958. The escudo remained Angola's currency until 1977, two years after the country's independence, the kwanza was introduced.
Coins
1921 2- and 5-centavo pieces of 1- bronze as well as 10- and 20-centavo coins from a copper - nickel - alloy published a year later, 50 centavo coins from nickel. In 1927 1, 2 and 4 Macuta and 50 Centavo made of copper-nickel were added. These coins remained in circulation even after the introduction of the Angolar, supplemented in 1948 with bronze 10 and 20 centavo coins.
The first escodo coins were introduced in 1952, although the escudo did not officially replace the Angolar until the end of 1958. 10 and 20 escudos made of silver were added in 1952, followed by 50 centavos and 1 escudo made of bronze and 2½ escudos made of copper-nickel in 1953. In 1969, copper-nickel replaced the silver in the 10 escudo coins, and in 1971 in the 20 escudos. In 1972 5 escudos made of copper-nickel were introduced.
Banknotes
In 1914 the Banco Nacional Ultramarino issued banknotes to the denominations of 10, 50 and 50 centavos, followed by 5 centavo notes in 1918 and 50 escudo notes in 1920. 1, 2½, 5, 10, 20 and followed in 1921 100 escudo notes.
In 1958 the Banco de Angola issued notes dated 1956 with the values 20, 50, 100, 500 and 1000 escudos, which remained valid until the introduction of the Kwanza
swell
- Chester L. Krause, Clifford Mishler: Standard Catalog of World Coins: 1801-199. 18th edition. Krause Publications, 1991, ISBN 0-87341-150-1 .
- Albert Pick: Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (Eds.). 7th edition. Krause Publications, 1994, ISBN 0-87341-207-9 .