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500 Escudos
| Issuer | Banco de Angola |
|---|---|
| Year | 1970 |
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| Composition | Log in to see details |
| Size | 158 x 80 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO DE ANGOLA 500 QUINHENTOS ESCUDOS |
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| Reverse lettering | BANCO DE ANGOLA 500 QUINHENTOS ESCUDOS THOMAS DE LA RUE & COY LTD LONDRES INGLATERRA |
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| Comments |
By 1970, Angola was nine years into a colonial war with no end in sight, and the Banco de Angola — nominally a central bank but effectively an instrument of Lisbon's fiscal policy — continued issuing high-denomination notes to support an economy increasingly distorted by military expenditure. The 500 Escudos represented roughly a week's wage for many Angolan workers at the time.
Thomas De La Rue's involvement in Portuguese colonial currency was long-standing and largely uninterrupted by the political turbulence in Lisbon. This series would be rendered obsolete within five years — Angola's independence in 1975 and the subsequent adoption of the Kwanza in 1977 ended the escudo's circulation entirely.