The real (plural ''réis'') was the currency of
Portuguese Angola until 1914. It was equal to the
Portuguese real
The ''real'' (, meaning "royal", plural: ''réis'' or rchaic''reais'') was the unit of currency of Portugal and the Portuguese Empire from around 1430 until 1911. It replaced the ''dinheiro'' at the rate of 1 real = 840 dinheiros and was itself r ...
. No subdivisions existed, but some coins were issued denominated in ''macutas'', worth 50 réis. The real was replaced by the
escudo 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
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
The introduction of th ...
, 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 Portugal 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 Ultramarino'' 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.
References
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Currencies of Angola
Currencies of Portugal
Modern obsolete currencies
Economic history of Portugal
1914 disestablishments
Portuguese Angola