Portuguese Guinean escudo

Portuguese Guinean escudo

ISO 4217
Code	GWE until 1981; named Guinea EscudoISO 4217 Standard definition: "Data Standards, ISO 4217 - Currency Code Maintenance: Get the Correct Currency Code". www.six-group.com. SIX Group. 2022-10-01. "List One: Currency, fund and precious metal codes" (XLS). www.six-group.com. SIX Group. 2022-09-23. "List Two: Fund codes registered with the Maintenance Agency" (XLS). www.six-group.com. SIX Group. 2018-08-29. "List Three: Codes for historic denominations of currencies and funds" (XLS). www.six-group.com. SIX Group. 2018-08-22. "Overview Amendments" (XLSX). www.six-group.com. SIX Group. 2022-09-23.
Denominations
Subunit
1⁄100	centavo
Banknotes	50, 100, 500, 1000 escudos
Coins	10, 20, 50 centavos, 1, 2+1⁄2, 5, 10, 20 escudos
Demographics
User(s)	Portuguese Guinea
Issuance
Bank of issue	Banco Nacional Ultramarino
This infobox shows the latest status before this currency was rendered obsolete.

The escudo was the currency of Portuguese Guinea between 1914 and 1975. It was equal to the Portuguese escudo and replaced the real at a rate of 1000 réis = 1 escudo. The escudo was subdivided into 100 centavos. Portugal issued banknotes (starting in 1914) and coins (starting in 1933) for use in Portuguese Guinea. Following independence, the peso replaced the escudo at par.

Coins

In 1933, coins were introduced in denominations of 5, 10, 20 and 50 centavos and 1 escudo. Coins of 2+1⁄2, 10 and 20 escudos were added in 1952, with 5 escudos coins introduced in 1973.

Banknotes

In 1914, notes were issued by the Banco Nacional Ultramarino in denominations of 10, 20 and 50 centavos. In 1921, larger denominations, from 1 escudo up to 100 escudos, were introduced. 500 escudos notes were first issued in 1945, with 1000 escudos notes introduced in 1964.