Portuguese escudo
Former currency of Portugal from 1911 until 2002 / From Wikipedia, the free encyclopedia
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The Portuguese escudo was the currency of Portugal from 22 May 1911 until the introduction of the euro on 1 January 2002. The escudo was subdivided into 100 centavos. The word escudo derives from the scutum shield.
Quick Facts Escudo português, ISO 4217 ...
Escudo português (Portuguese) | |||||
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ISO 4217 | |||||
Code | PTE | ||||
Unit | |||||
Unit | Escudo | ||||
Plural | escudos | ||||
Symbol | (⟨$⟩ is used when double-barred cifrão is not available) | ||||
Denominations | |||||
Superunit | |||||
1000 | conto | ||||
Subunit | |||||
1⁄100 | centavo | ||||
Plural | |||||
centavo | centavos | ||||
Banknotes | |||||
Freq. used | 500$, 1,000$, 2,000$, 5,000$, 10,000$ | ||||
Rarely used | 100$ | ||||
Coins | |||||
Freq. used | 1$, 5$, 10$, 20$, 50$, 100$, 200$ | ||||
Rarely used | 2+1⁄2$, 25$ | ||||
Demographics | |||||
User(s) | None, previously: Portugal | ||||
Issuance | |||||
Central bank | Banco de Portugal | ||||
Website | www | ||||
Mint | Imprensa Nacional-Casa da Moeda | ||||
Website | www | ||||
Valuation | |||||
Inflation | 2.8% (2000) | ||||
Source | worldpress.org | ||||
EU Exchange Rate Mechanism (ERM) | |||||
Since | 19 June 1989 | ||||
Fixed rate since | 31 December 1998 | ||||
Replaced by euro, non cash | 1 January 1999 | ||||
Replaced by euro, cash | 1 January 2002 | ||||
1 € = | 200.482 PTE | ||||
This infobox shows the latest status before this currency was rendered obsolete. |
Close
Amounts in escudos were written as escudos centavos with the cifrão as the decimal separator (for example: 2500 means 25.00, 10050 means 100.50). Because of the conversion rate of 1,000 réis = 1, three decimal places were initially used (1 = 1000).