Portuguese Escudo
Portuguese escudo - Wikipedia, the free encyclopedia
The escudo was used in the Portuguese mainland, the Azores and Madeira, with no ... Overview of the Portuguese escudo from the BBC ...
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Portuguese escudo: Information from Answers.com
Note: click on a word meaning below to see its connections and related words. The noun Portuguese escudo has one meaning: Meaning #1 : the basic
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Portuguese Indian escudo - Wikipedia, the free encyclopedia
The escudo was the currency of Portuguese India between 1958 and 1961. It was divisible into 100 centavos and was equal in value to the Portuguese escudo. ...
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Portuguese Escudo, PTE, Information in the Currency of Portugal
Information on Portugal and the Portuguese Escudo including currency, economy, and trading information ... The Portuguese Escudo is the currency of Portugal. ...
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Portuguese escudo facts - Freebase
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Calculator for Portuguese Escudo (PTE) Currency Exchange Rate Conversion
Convert money in Portuguese Escudo (PTE) to and from foreign currencies using up to date exchange rates. ... Wikipedia: Portuguese escudo - History and ...
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Portuguese escudo causes mass confusion
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Portugal Silver Coins
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Portuguese Escudo
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{{Infobox Currency| currency_name_in_local = escudo português | image_1 = 1escudo2000back.jpg| image_title_1 = 1 escudo front (2000)| image_width_1 = 100| image_2 = 1escudo2000front.jpg| image_title_2 = 1 escudo back (2000)| image_width_2 = 100| inflation_rate = 2.8% (2000)| inflation_source_date = worldpress.org| iso_code = PTE| using_countries = Portugal [1989 [1998 [1999 [2002| symbol = \mathrm{S}\!\!\!\Vert or $ when not available| plural = escudos| plural_subunit_1 = centavos| used_coins = 1$, 5$, 10$, 20$, 50$, 100$, 200$| used_banknotes = 500$, 1000$, 2000$, 5000$, 10 000$| issuing_authority = [Banco de Portugal of [Portugal prior to the introduction of the euro on 1 January 1999 and was removed from circulation on 28 February 2002. The ISO 4217 code of the escudo was PTE. The escudo was subdivided into 100 centavos. Its symbol was the cifrão (\mathrm{S}\!\!\!\Vert ), similar to the dollar sign, but with two strokes. Amounts in escudos were written as escudos\mathrm{S}\!\!\!\Vert centavos with the cifrão as the decimal separator (e.g. 25\mathrm{S}\!\!\!\Vert 00 means 25 escudos, 100\mathrm{S}\!\!\!\Vert 50 means 100 escudos and 50 centavos). Because of the conversion rate of 1000 réis = 1 escudo, three decimal places were initially used (1 escudo = 1\mathrm{S}\!\!\!\Vert 000). "Escudo" is Portuguese language for "shield".
History The escudo was introduced in 1911, after the 5 October 1910 revolution, to replace the Portuguese real at the rate of 1000 réis to 1 escudo. The term mil réis (thousand réis) remained a colloquial synonym of "escudo" up to the 1990s. One million réis was called one conto de réis or simply one conto. This expression passed on to the escudo, meaning 1000 escudos, and is still in use today, meaning €5 (1000 escudos = €4.99 = 1 conto).
The escudos value was initially set at 4.5 escudos = 1 pound sterling. After 1914, the value of the escudo fell, being fixed in 1928 at 108.25 to the pound. This was altered to 110 escudos to the pound in 1931. A new rate of 27.5 escudos to the U.S. dollar was established in 1940, changing to 25 in 1940 and 28.75 in 1949.
Inflation throughout the 20th century made centavos essentially worthless by its end, with fractional value coins with values such as $50 or 2$50 eventually withdrawn from circulation in the 1990s. With the entry of Portugal in the Eurozone, the conversion rate to the euro was set at 200.482 escudos to €1.
Territorial usage The escudo was used in the Portuguese mainland, the Azores and Madeira, with no distinction of coins or banknotes. In Portugal's African colonies, the escudo was generally used up to independence, with Portuguese and sometime local coins circulating alongside banknotes of the Banco Nacional Ultramarino, rather than those of the Bank of Portugal used on the mainland. For more details, see the escudos of Angolan escudo, Cape Verde escudo, Mozambican escudo, Portuguese Guinean escudo and São Tomé and Príncipe escudo. Only Cape Verde continues use the Cape Verde escudo. In Macao, the currency during the colonial period was, as it is today, the Macanese pataca. Timor-Leste adopted the Portuguese Timor escudo whilst still a Portuguese colony, having earlier used the Portuguese Timor pataca. Portuguese India briefly adopted the Portuguese Indian escudo before it was annexed by India.
Coins Between 1912 and 1916, silver 10, 20 and 50 centavos and 1 escudo coins were issued. Bronze 1 and 2 centavos and cupro-nickel 4 centavos were issued between 1917 and 1922.
In 1920, bronze 5 centavos and cupro-nickel 10 and 20 centavos were introduced, followed, in 1924, by bronze 10 and 20 centavos and aluminium bronze 50 centavos and 1 escudo. Aluminium bronze was replaced with cupro-nickel in 1927.
In 1932, silver coins were introduced for 2½, 5 and 10 escudos. The 2½ and 5 escudos were minted until 1951, with the 10 escudos minted until 1955 with a reduced silver content. In 1963, cupro-nickel 2½ and 5 escudos were introduced, followed by aluminium 10 centavos, bronze 20 and 50 centavos and 1 escudo in 1969. Cupro-nickel 10 and 25 escudos were introduced in 1971 and 1977, respectively. In 1986, a new coinage was introduced which circulated until replacement by the euro. It consisted of nickel-brass 1, 5 and 10 escudos, cupro-nickel 25 and 50 escudos, with bimetalic 100 and 200 escudos introduced in 1989 and 1991.
Coins in circulation at the time of the changeover to the euro were:
- 1 escudo (.50 cent)
- 5 escudos (2.49 cent)
- 10 escudos (4.99 cent)
- 20 escudos (9.98 cent)
- 50 escudos (24.94 cent)
- 100 escudos (49.88 cent)
- 200 escudos (99.76 cent)
Another name for the 50 centavos coin was coroa (crown). Long after the 50 centavos coins disappeared, people still called the 2$50 coins cinco coroas (five crowns).
Banknotes The Casa da Moeda issued notes for 5, 10 and 20 centavos between 1917 and 1925 whilst, between 1913 and 1922, the Banco de Portugal introduced notes for 50 centavos, 1, 2½, 5, 10, 20, 50, 100, 500 and 1000 escudos. 50 centavos and 1 escudo notes ceased production in 1920, followed by 2½, 5 and 10 escudos in 1925 and 1926. 5000 escudos notes were introduced in 1942.
The last 20 and 50 escudos notes were printed dated 1978 and 1980, respectively, with 100 escudos notes being replaced by coins in 1989, the same year that 10,000 escudos notes were introduced
Banknotes in circulation at the time of the changeover to the euro were:
- 500 escudos (€ 2.49)
- 1000 escudos (€ 4.99)
- 2000 escudos (€ 9.98)
- 5000 escudos (€ 24.94)
- 10,000 escudos (€ 49.88)
Escudo banknotes celebrated notable figures from the History of Portugal. The final banknote series featured the Portugal in the Age of Discovery, with João de Barros, Pedro Álvares Cabral, Bartolomeu Dias, Vasco da Gama, and Henry the Navigator.
The last 100-escudo Banknote represented Fernando Pessoa, the famous Portuguese writer.
See also
External links {{Standard numismatics external links| world_coin_gallery_1_url = Portugal| world_coin_gallery_1_name = Portugal| banknote_world_1_url = portugal| banknote_world_1_name = Portugal| dollarization_1_url =| dollarization_1_name =| gfd_1_url = Portugal| gfd_1_name = Portugal| gfd_data_1_url = 4019| gfd_data_1_name = Portugal Escudo| show_gfd_excel = Y-->
- Overview of the Portuguese escudo from the BBC
- On-line catalogue of Escudo banknotes and coins (Portugese/English)
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Portuguese escudo - Wikipedia, the free encyclopedia
The escudo was the currency of Portugal prior to the introduction of the euro on 1 January 1999 and was removed from circulation on 28 February 2002.
Portuguese Escudo Photos
Portuguese Escudo Photos ... Portuguese Escudo Back to List 500 1000 2000 5000 photos not actual size
Portuguese escudo | guardian.co.uk
Portuguese escudo Originally a Spanish coin and first minted in Portugal in 1523. It was replaced by the rei in 1834 but came back ...
Portuguese Escudo, PTE, Information in the Currency of Portugal
Information on Portugal and the Portuguese Escudo including currency, economy, and trading information
Portuguese Indian escudo - Wikipedia, the free encyclopedia
The escudo was the currency of Portuguese India between 1958 and 1961. It was divisible into 100 centavos and was equal in value to the Portuguese escudo.
Portuguese escudo - definition of Portuguese escudo by the Free Online ...
Thesaurus Legend: Synonyms Related Words Antonyms. Noun: 1. Portuguese escudo - formerly the basic monetary unit of Portugal; equal to 100 centavo. escudo
Bank of England|Statistics|Statistical Interactive Database|Columns
Page 1, results 1 to 6 of 6; XUMAPES: Title: Monthly average Spot exchange rate, Portuguese Escudo into Sterling XUMLPES: Title: End month Spot exchange rate, Portuguese ...
Bank of England|Statistics|Statistical Interactive Database|Columns
Page 1, results 1 to 2 of 2; XUMAPEG: Title: Monthly average Effective exchange rate index, Portuguese Escudo (1990 average = 100) XUMLPEG: Title: End month Effective ...
Portuguese Escudo Definition
Portuguese Escudo - definition of Portuguese Escudo - The currency of Portugal. ... This content can be found on the following page: http://www.investorwords.com/cgi-bin/getword ...
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