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1000 Escudos

Issuer Banco de Angola
Year 1970
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Size 159 x 80 mm
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Obverse description Blue on multicolour underprint. Portrait of President Américo Tomás at left, with a dam vignette at centre. Signature 5 appears below the central design.
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Reverse lettering BANCO DE ANGOLA
1000
MIL ESCUDOS
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Comments

By 1970, Angola was deep into the colonial war that had begun in 1961, and the Banco de Angola — technically a private bank operating under Portuguese metropolitan oversight — continued issuing high-denomination notes backed by an economy increasingly distorted by military spending. The 1000 Escudos was a substantial sum in a territory where rural wages were minimal.

Thomas De La Rue's involvement was long-standing across Portuguese colonial currency, and this note sits within a series that remained in circulation through the 1974 Carnation Revolution and into the chaotic transition period before independence in November 1975, when the escudo was eventually replaced by the kwanza.

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