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Portuguese Guinean Escudo
The escudo was the currency of Portuguese Guinea between 1914 and 1975. It was equal to the Portuguese escudo and replaced the real at a rate of 1000 réis = 1 escudo. The escudo was subdivided into 100 ''centavos''. Portugal issued banknotes (starting in 1914) and coins (starting in 1933) for use in Portuguese Guinea. Following independence, the peso replaced the escudo at par. Coins In 1933, coins were introduced in denominations of 5, 10, 20 and 50 centavos and 1 escudo. Coins of , 10 and 20 escudos were added in 1952, with 5 escudos coins introduced in 1973. Banknotes In 1914, notes were issued 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 ... in denominations of 10, 20 and 50 centavos. In 1921, larger denominations, from 1 escudo up to 100 e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portuguese Guinea
Portuguese Guinea ( pt, Guiné), called the Overseas Province of Guinea from 1951 until 1972 and then State of Guinea from 1972 until 1974, was a West African colony of Portugal from 1588 until 10 September 1974, when it gained independence as Guinea-Bissau. Slave trade The Portuguese Crown commissioned its navigators to explore the Atlantic coast of West Africa in the 1430s, to find sources of gold. At that time the gold trade was controlled by Morocco. Muslim caravans across the Sahara also carried salt, kola, textiles, fish, grain, and slaves. The navigators first passed the obstruction of Cape Bojador in 1437 and were able to explore the West African coast as far as Sierra Leone by 1460 and colonize the Portuguese Cape Verde, Cape Verde islands beginning in 1456.C.R. Boxer, (1977). The Portuguese seaborne empire, 1415–1825, pp. 26–7, 30 London, Hutchinson & Co. The gold ultimately came from the upper reaches of the Niger and Volta Rivers and the Portuguese crown wanted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |