Angolan real
Encyclopedia
The real was the currency of Angola
until 1914. It was equal to the Portuguese real
. No subdivisions existed, but some coins were issued denominated in macutas, worth 50 réis. The real was replaced by the escudo
in 1914.
to double their value. 10, 20 and 40 réis and ¼, ½, 1 and 2 macuta coins were counterstamped to produce 20, 40 and 80 réis and ½, 1, 2 and 4 macuta coins. The last coins were issued in 1860.
began issuing notes in 1865, with notes for 5000, 10,000 and 20,000 réis. In 1876, 1000 and 2500 real notes were added, followed by 2000 réis in 1877. In 1892, a shortage of small change lead to an emergency issue of 100, 200 and 500 real notes which circulated until 1905. 50,000 real notes were introduced in 1909.
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...
until 1914. It was equal to the Portuguese real
Portuguese real
The real was the unit of currency of Portugal from around 1430 until 1911. It replaced the dinheiro at the rate of 1 real = 840 dinheiros and was itself replaced by the escudo at a rate of 1 escudo = 1000 réis...
. No subdivisions existed, but some coins were issued denominated in macutas, worth 50 réis. The real was replaced by 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:...
in 1914.
Coins
In the mid-eighteenth century, copper coins were issued in denominations of 10, 20 and 40 réis, ¼, ½ and 1 macuta, along with silver 2, 4, 6, 8, 10 and 12 macutas. From 1814, only copper ¼, ½, 1 and 2 macutas were issued. However, after 1814, some copper coins were counterstamped with the coat of arms of PortugalCoat of arms of Portugal
The coat of arms of Portugal was officially adopted on 30 June 1911, along with the republican flag of Portugal. It is based on the coat of arms used by the Portuguese Kingdom since the Middle Ages.-History and meaning:...
to double their value. 10, 20 and 40 réis and ¼, ½, 1 and 2 macuta coins were counterstamped to produce 20, 40 and 80 réis and ½, 1, 2 and 4 macuta coins. The last coins were issued in 1860.
Banknotes
In 1861, the Junta da Fazenda Publica da Provincia d'Angola introduced notes in denominations of 1000, 2000, 5000 and 20,000 réis. 10,000 real notes followed in 1877, with notes issued until 1884. The Banco Nacional UltramarinoBanco Nacional Ultramarino
Banco Nacional Ultramarino was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as an independent legal entity in Portugal following its merger with Caixa Geral de Depósitos, the government-owned savings bank, in...
began issuing notes in 1865, with notes for 5000, 10,000 and 20,000 réis. In 1876, 1000 and 2500 real notes were added, followed by 2000 réis in 1877. In 1892, a shortage of small change lead to an emergency issue of 100, 200 and 500 real notes which circulated until 1905. 50,000 real notes were introduced in 1909.