Angolan escudo
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The escudo was the currency of Angola between 1914 and 1928 and again between 1958 and 1977. It was subdivided into 100 centavos (with the macuta worth 5 centavos) and was equivalent to the Portuguese escudo.
The introduction of the escudo in Portugal's colonies took place in 1914, three years after it occurred in Portugal. The escudo replaced the Angolan real at a rate of 1000 réis = 1 escudo.
Between 1928 and 1958, Angola used the angolar.
The escudo was replaced in 1977 by the kwanza at par.
[edit] Reference
| Preceded by: Angolan real Reason: inflation Ratio: 1 Angolan escudo = 1000 réis = 1 Portuguese escudo |
Currency of Angola January 1, 1914 – 1928 |
Succeeded by: Angolan angolar Reason: Counter measure of Alves Reis's scheme Ratio: 1 angolar = 1.25 escudos |
| Preceded by: Angolan angolar Reason: unifiying the currencies of the Portuguese colonies Ratio: at par, 1 Angolan escudo = Portuguese escudo |
Currency of Angola 1958 – 1977 |
Succeeded by: Angolan kwanza Reason: independence (in 1975) Ratio: at par |
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