Mozambican escudo
The Mozambican escudo was the currency of Mozambique from 1914 to 1980 . An escudo was divided into 100 centavos .
history
The escudo replaced the real . 1 escudo was equal to 1000 réis ( plural of real). It corresponded to the exchange rate of the Portuguese escudo until 1977.
Initially, Mozambique had its own banknotes , but used Portuguese coins. Mozambican coins were not minted until 1935 . In 1975, the Mozambican Metical was proposed as a successor, it replaced the Escudo in 1980 with the same face value .
Coins
Between 1935 and 1936, 10, 20 and 50 centavos, as well as 1, 2½, 5 and 10 escudos were minted as coins. Of these, the 2½, 5 and 10 escudos were issued as silver coins . In 1952, a 20 escudo silver coin was introduced. Between 1968 and 1971 silver coins with a value of 5, 10 and 20 Escudo were replaced by coins made of base metal. The last coins were put into circulation in 1974.
Banknotes
In 1914, in addition to the regular 10, 20 and 50 centavos banknotes, the Banco Nacional Ultramarino issued improvised banknotes with a value of 100 and 1000 escudos. In 1920 10, 20 and 50 centavos notes came out as emergency money , as well as 1 and 2½ escudos notes, followed by regular 1, 2½, 5, 10, 20, 50 and 100 escudos notes. In 1941, 50 centavos notes came out as emergency money and regular 500 and 1000 escudos notes. In 1976 all 50, 100, 500 and 1000 escudos notes of the Banco Nacional Ultramarino ( Nationale Überseebank ) were overprinted with the name of the new state bank Banco de Moçambique .