The angolar was the currency of Angola

Angola

Angola, officially the Republic of Angola , is a country in south-central Africa bordered by Namibia on the south, the Democratic Republic of the Congo on the north, and Zambia on the east; its west coast is on the Atlantic Ocean with Luanda as its capital city...

 between 1928 and 1958. It was subdivided into 100 centavos or 20 macutas. Angolar is Portuguese

Portuguese language

Portuguese is a Romance language that arose in the medieval Kingdom of Galicia, nowadays Galicia and Northern Portugal. The southern part of the Kingdom of Galicia became independent as the County of Portugal in 1095...

 for "of Angola".

History

The angolar was introduced in 1928 to replace the escudo

Angolan escudo

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.-History:...

. Banknotes were exchanged at a rate of 1 angolar = 1.25 escudos. However, the exchange rate with the Portuguese escudo

Portuguese escudo

The escudo was the currency of Portugal prior to the introduction of the Euro on 1 January 1999 and its removal from circulation on 28 February 2002. The escudo was subdivided into 100 centavos....

 remained at par, indicating that the earlier Angolan banknotes were devalued as part of the reform, rather than the angolar actually having a new, higher value. Coins (all denominated in centavos and macutas) were unaffected by the reform. In 1958, the name of the currency was switched back to escudo

Angolan escudo

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.-History:...

 after a period of time during which coins denominated in escudos had already begun to circulate.

Coins

In addition to those coins already circulating (1, 2, 5, 10, 20 and 50 centavos), new 10, 20 and 50 centavo coins were issued between 1948 and 1950. The first escudo coins were issued dated 1952.

Banknotes

In 1928, the Junta de Moeda introduced notes (dated 1926) in denominations of 1, 2½, 5 and 10 angolares, whilst the Bank of Angola introduced 20, 50, 100 and 500 angolar notes dated 1927. In 1942, the Governo Geral took over the issuance of 1 and 2½ angolar notes. 1000 angolar notes were added by the Bank of Angola in 1944, followed by 5 and 10 angolares in 1947.

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