5 Angolares

The Junta da Moeda issues of the mid-1920s occupy an awkward transitional moment in Angolan monetary administration — the colony had only recently shifted away from the Banco Nacional Ultramarino's near-exclusive control over local currency, and the Junta was issuing notes on provisional authority while Lisbon sorted out the longer-term arrangement. Thomas De La Rue handled production, as they did for much of Portugal's colonial paper across this period.

The angolar itself, introduced in 1926 at par with the Portuguese escudo, replaced the earlier réis-denominated system. Five angolares was a working-class denomination — meaningful in daily commerce but not large enough to attract the hoarding that affected higher values during the currency transition.