50 Angolares

Banco de Angola was established in 1926 as the sole bank of issue for the Portuguese colony, replacing the earlier Banco Nacional Ultramarino in that role. By 1951, the institution had settled into a mature series of notes produced by Thomas De La Rue in London — a relationship that continued across multiple denominations and date variants through the late colonial period.

The 1926 reform also introduced the "angolar" as Angola's currency unit, replacing the colonial réis. That change was itself a consequence of Salazar's broader financial reorganisation of Portuguese overseas territories in the late 1920s, and this note belongs to the series that ran for decades without fundamental redesign.