Code MZE Symbol ? | ||
Banknotes 50, 100, 500, 1000 escudos Coins 10, 20, 50 centavos, 1, 2½, 5, 10, 20 escudos | ||
The escudo was the currency of Mozambique from 1914 until 1980. It was subdivided into 100 centavos.
Contents
History
The escudo replaced the real at a rate of 1 escudo = 1000 réis. It was equal in value to the Portuguese escudo until 1977. Initially, Mozambique had its own paper money but used Portuguese coins. Only in 1935 were coins issued specifically for use in Mozambique. In 1975, the metica was proposed as a replacement for the escudo, but it was not used. The escudo was replaced by the metical in 1980 at par.
Coins
Between 1935 and 1936, coins for 10, 20 and 50 centavos, 1, 2½, 5 and 10 escudos, with the 2½, 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.