Kalpana Kalpana (Editor)

Angolan angolar

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit

The angolar (plural: angolares) was the currency of Portuguese Angola between 1928 and 1958. It was subdivided into 100 centavos or 20 macutas. Angolar is Portuguese for "of Angola".

Contents

History

The angolar was introduced in 1928 to replace the escudo. Banknotes were exchanged at a rate of 1 angolar = 1.25 escudos. However, the exchange rate with the Portuguese escudo 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 escudo 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.

References

Angolan angolar Wikipedia


Similar Topics