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20 Escudos

Issuer Banco de Angola
Year 1972
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Value 20 Escudos
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Obverse description Log in to see details
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Reverse lettering BANCO DE ANGOLA
20
Gossypium Hirsutum
DE LA RUE
(Translation: Bank of Angola)
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Protection type Watermark
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Comments

Angola's 1972 20 Escudos note arrived late in the Portuguese colonial monetary system, issued just two years before the Carnation Revolution of April 1974 upended Lisbon and set Angola's independence in motion. The Banco de Angola, though nominally a commercial bank with note-issuing privileges, operated entirely under Portuguese metropolitan authority — there was nothing locally autonomous about its monetary policy.

Thomas De La Rue's production for this series is competent but unremarkable by the firm's standards. The watermark remains the sole security feature, modest even by early-1970s conventions.

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