Portugal

The monetary reform of the Portuguese Republic of 1911, according to which a new monetary unit, the escudo, was introduced into circulation, also affected its colonial possessions. By decree of September 18, 1913, special banknotes were to be issued in the colonies of Cape Verde, Guinea, Sao Tome and Principe, Angola and Mozambique from January 1, 1914. Banknotes entered circulation in 1914, 1921, and the first coins in 1929.

Portugal is the westernmost state in Europe. In the series of revolutions that swept the continent in the last century, this country was the first to abolish the monarchy and become a Republic. It happened in 1910. The first coins of the Portuguese Republic, as well as the coins of the last three monarchs, will be discussed in this topic.