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Former currency of Mozambique
Mozambican escudo
 500 Escudos
|
|
| Code
| MZE
before 2006: MZM
|
|---|
|
| Symbol
| ?
|
|---|
|
| Subunit
| |
|---|
|
1
⁄
100
| Centavo
|
|---|
| Banknotes
| 50, 100, 500, 1000 escudos
|
|---|
| Coins
| 10, 20, 50 centavos, 1,
2
+
1
⁄
2
, 5, 10, 20 escudos
|
|---|
|
| User(s)
| Mozambique
|
|---|
|
| Central bank
| Banco Nacional Ultramarino
|
|---|
|
| Inflation
| ?%
|
|---|
| This infobox shows the latest status before this currency was rendered obsolete.
|
The
escudo
was the currency of
Mozambique
from 1914 until 1980. It was subdivided into 100
centavos
.
[1]
[2]
History
[
edit
]
The escudo replaced the
real
at a rate of 1 escudo = 1000 reis. 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
[
edit
]
Between 1935 and 1936, coins for 10, 20 and 50 centavos, 1,
2
+
1
⁄
2
, 5 and 10 escudos, with the
2
+
1
⁄
2
, 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.
Banknotes
[
edit
]
In 1914, provisional issues for 100 and 1000 escudos were introduced, alongside regular issues for 10, 20 and 50 centavos, by the
Banco Nacional Ultramarino
. Emergency issues of notes for 10, 20 and 50 centavos and 1 and
2
+
1
⁄
2
escudos were introduced in 1920, followed by regular issues for 1,
2
+
1
⁄
2
, 5, 10, 20, 50 and 100 escudos. Emergency issues for 50 centevaos and regular 500 and 1000 escudos notes were introduced in 1941. In 1976, 50, 100, 500 and 1000 escudos notes of the Banco Nacional Ultramarino were overprinted with the name of the new issuing bank, the
Banco de Mocambique
.
References
[
edit
]
