The peso was the currency of Guinea-Bissau from 1975 to 1997 and was divided into 100 centavos.

By 1996, the exchange rate had reached 225 pesos per Portuguese escudo.

Coins were issued in denominations of 50 centavos, 1, 2+1⁄2, 5 and 20 pesos.

Banknotes in denominations of 50, 100, and 500 pesos dated 24-9-1975 (24 September 1975) were issued on 2 March 1976.

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