The real (plural réis) was the currency of Portuguese Angola until 1914.

No subdivisions existed, but some coins were issued denominated in macutas, worth 50 réis.

However, after 1814, some copper coins were counterstamped with the coat of arms of Portugal to double their value.

In 1861, the Junta da Fazenda Publica da Provincia d'Angola introduced notes in denominations of 1000, 2000, 5000 and 20,000 réis.

In 1892, a shortage of small change lead to an emergency issue of 100, 200 and 500 real notes which circulated until 1905.