The escudo was the currency of

Mozambique Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, Msumbiji; ts, Muzambhiki), is a country located in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi ...

from 1914 until 1980. It was subdivided into 100 ''centavos''.

History

The escudo replaced the

real Real may refer to: Currencies * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Music Albums * ''Real'' (L'Arc-en-Ciel album) (2000) * ''Real'' (Bright album) (2010) ...

at a rate of 1 escudo = 1000 réis. It was equal in value to 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 ...

until 1977. Initially, Mozambique had its own paper money but used Portuguese coins. Only in 1935 were coins issued specifically for use in

. In 1975, the metica was proposed as a replacement for the escudo, but it was not used. The escudo was replaced by the

metical The metical (; plural: ) is the currency of Mozambique, abbreviated with the symbol ''MZN'' or ''MT''. It is nominally divided into 100 centavos. The name ''metical'' comes from Arabic ('' mithqāl''), a unit of weight and an alternative name fo ...

in 1980 at par.

Coins

Between 1935 and 1936, coins for 10, 20 and 50 centavos, 1, , 5 and 10 escudos, with the , 5 and 10 escudos in silver. In 1952, silver 20 escudos were issued. Between 1968 and 1971, base metal coins replaced the silver 5, 10 and 20 escudos. The last coins were issued in 1974.

Banknotes

In 1914, provisional issues for 100 and 1000 escudos were introduced, alongside regular issues for 10, 20 and 50 centavos, by the

Banco Nacional Ultramarino Banco Nacional Ultramarino (, BNU; ; en, National Overseas Bank) is a Macau banking and financial services corporation. It was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased e ...

. Emergency issues of notes for 10, 20 and 50 centavos and 1 and escudos were introduced in 1920, followed by regular issues for 1, , 5, 10, 20, 50 and 100 escudos. Emergency issues for 50 centevaos and regular 500 and 1000 escudos notes were introduced in 1941. In 1976, 50, 100, 500 and 1000 escudos notes of the Banco Nacional Ultramarino were overprinted with the name of the new issuing bank, the

Banco de Moçambique The Bank of Mozambique ( pt, Banco de Moçambique) is the central bank of Mozambique. The bank does not function as a commercial bank, and has the responsibility of governing the monetary policy, monetary policies of the country. The president (go ...

. Currencies of Portugal History of Mozambique Modern obsolete currencies Currencies of Mozambique Economic history of Portugal 1914 establishments in Portuguese Mozambique 1980 disestablishments in Mozambique Escudo {{money-unit-stub