20 Escudos

By 1962, Angola remained a Portuguese overseas territory, and Banco de Angola operated as a quasi-colonial institution issuing currency under Lisbon's oversight. That same year, the armed independence movement had already begun — the MPLA's first attacks came in February 1961 — meaning this note entered circulation during active insurgency, a fact that shaped subsequent issue volumes as the colonial administration scrambled to maintain economic stability in the territory.

Thomas De La Rue's production quality on this series is reliable, but the 130 × 62 mm format is notably narrow, a proportioning the printer used across several African colonial issues of the period.