The angolar (plural: ''angolares'') was the currency of

Portuguese Angola Portuguese Angola refers to Angola during the historic period when it was a territory under Portuguese rule in southwestern Africa. In the same context, it was known until 1951 as Portuguese West Africa (officially the State of West Africa). I ...

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

Portuguese Portuguese may refer to: * anything of, from, or related to the country and nation of Portugal ** Portuguese cuisine, traditional foods ** Portuguese language, a Romance language *** Portuguese dialects, variants of the Portuguese language ** Portu ...

for "of Angola".

History

The angolar was introduced in 1928 to replace the

escudo The escudo (Portuguese: 'shield') is a unit of currency historically used in Portugal and its colonies in South America, Asia, and Africa. It was originally worth 16 silver . The Cape Verdean escudo and the former Portuguese escudo (PTE), each ...

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

Portuguese escudo The Portuguese escudo was the currency of Portugal from May 22nd 1911 until the introduction of the euro on January 1st 2002. The escudo was subdivided into 100 . The word derives from the scutum shield. Amounts in escudos were written as w ...

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

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, , 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 angolar notes. 1000 angolar notes were added by the Bank of Angola in 1944, followed by 5 and 10 angolares in 1947.

References

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External links

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Angolar Angolar Creole ( aoa, n'golá) is a minority Portuguese-based creole language of São Tomé and Príncipe, spoken in the southernmost towns of São Tomé Island and sparsely along the coast, especially by Angolar people. It is also called '' ...

Currencies of Portugal Modern obsolete currencies 1928 establishments in Angola 1958 disestablishments 20th-century economic history