Mozambican escudo

The Mozambican escudo was from 1914 to 1980 the currency of Mozambique. A escudo was subdivided into 100 centavos.

History

The escudo replaced the real. 1 Escudo 1000 corresponded Réis (plural of Real). It corresponded to the exchange rate of the Portuguese escudos until 1977.

Initially, Mozambique had its own banknotes, but took advantage of Portuguese coins. Only in 1935 Mozambican coins were minted. 1975 Mozambican Metical was proposed as a successor currency, he replaced the escudo in 1980 at the same par value from.

Between 1935 and 1936 were 10, 20 and 50 centavos, 1, 2 ½, 5 and 10 escudos marked as coins. Of these, the 2 ½, 5 and 10 escudos issued as silver coins. In 1952, a 20- escudo coin silver was even introduced. Between 1968 and 1971 the silver coins were replaced with a value of 5, 10 and 20 escudo coins of base metal. The last coins were put into circulation in 1974.

Bills

1914 20 and 50 centavos banknote banknotes were improvised by the Banco Nacional Ultra Marino addition to the regular 10, issued at a value of 100 and 1000 escudos. 1920 were 10, 20 and 50 centavos bills as emergency money, and 1 and 2 ½ escudos notes, followed by regular 1, 2 ½, 5, 10, 20, 50 and 100 escudos notes. 1941 came out 50 centavos bills as emergency money and regular 500 and 1000 escudos bills. 1976, all 50, 100, 500 and 1000 escudos notes of the Banco Nacional Marino Ultra were (National Overseas Bank) overprinted with the name of the new state bank Banco de Moçambique.