Banknotes 20, 50, 100, 500, 1000 escudos Issuing authority | ||
The escudo was the currency of São Tomé and Príncipe between 1914 and 1977. It was equivalent to the Portuguese escudo and subdivided into 100 centavos.
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History
The escudo replaced the real at a rate of 1000 réis = 1 escudo. Initially, only banknotes were issued in the name of São Tomé and Príncipe and the colony used Portuguese coins. Only in 1929 were coins also issued for the colony. The escudo was replaced at par by the dobra following independence.
Coins
In 1929, nickel-bronze 10, 20 and 50 centavos coins were introduced. These were followed in 1939 by cupro-nickel 1 escudo and silver 2½, 5 and 10 escudos. Bronze 10, 20 and 50 centavos and 1 escudo, and cupro-nickel 2½ escudos were introduced in 1962, followed, in 1971, by aluminium 10 centavos and cupro-nickel 5, 10 and 20 escudos. This was the last year of coin production.