(⟨$⟩ is used when double-barred cifrão is not available)
Denominations
Superunit
1000
conto
Subunit
1⁄100
centavo
Plural
centavo
centavos
Banknotes
Freq. used
500$, 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.bportugal.pt
Mint
Imprensa Nacional-Casa da Moeda
Website
www.incm.pt
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.
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.
Amounts in escudos were written as escudoscentavos 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).
The Portugueseescudo was the currency of Portugal from 22 May 1911 until the introduction of the euro on 1 January 2002. The escudo was subdivided into...
The escudo was the currency of Portuguese India between 1958 and 1961. It was subdivided into 100 centavos and was equal in value to the Portuguese escudo...
The escudo was the currency of Portuguese Timor between 1959 and 1976. It replaced the pataca at a rate of 5.6 escudos = 1 pataca and was equivalent to...
against the Portugueseescudo. In mid-1998 an agreement with Portugal established a pegged rate of 1 Portugueseescudo = 0.55 Cape Verdean escudos. Since the...
The escudo was the currency of Portuguese Guinea between 1914 and 1975. It was equal to the Portugueseescudo and replaced the real at a rate of 1000...
1911, the escudo replaced the real at the rate of 1 escudo = 1,000 réis as the Portuguese currency unit (not to be confused with the gold escudo worth 1$600)...
2005. European Union (EU) since 1993 The Escudo before 2002 Portuguese pronunciation: [puɾtuˈɣal] Portuguese: República Portuguesa [ʁɛˈpuβlikɐ puɾtuˈɣezɐ]...
was formerly used by the Portugueseescudo (ISO: PTE) before its replacement by the euro and by the Portuguese Timor escudo (ISO: TPE) before its replacement...
authority for Portugal from 1846 to 1998, issuing the Portugueseescudo. Since 2014, it has also been Portugal's national competent authority within European Banking...
The escudo was either of two distinct Spanish currency denominations. The first escudo was a gold coin introduced in 1535/1537, with coins denominated...
the Portugueseescudo. The introduction of the escudo in Portugal's colonies took place in 1914, three years after it occurred in Portugal. The escudo replaced...
The First Portuguese Republic (Portuguese: Primeira República Portuguesa; officially: República Portuguesa, Portuguese Republic) spans a complex 16-year...
Portuguese Timor (Portuguese: Timor Português) was a colonial possession of Portugal that existed between 1702 and 1975. During most of this period, Portugal...
the Portugueseescudo at a rate of 1 pataca = 5.5 escudos, making it equivalent to the British shilling (since £1 was then equivalent to 110 escudos) and...
Province of the Portugal or Portuguese West Africa (officially the State of West Africa) (from 1951–1972), then a State of the Portuguese Empire (1972–1975)...
cooperation with Portugal at every level of the economy, which has led it to link its currency (the Cape Verdean escudo) first to the Portugueseescudo and, in...
in 20,50€. Exceptionally, the symbol for the Cape Verdean escudo (like the Portugueseescudo, to which it was formerly pegged) is placed in the decimal...
was equal in value to the Portugueseescudo until 1977. Initially, Mozambique had its own paper money but used Portuguese coins. Only in 1935 were coins...
(with the exception of the Italian lira, the Spanish peseta, the Portugueseescudo and Pound sterling, which were allowed to fluctuate by ±6%). Determined...
major European currencies (e.g. the French franc, Deutsche Mark or Portugueseescudo), and when these currencies were replaced by the euro their currencies...
Bissau peso Mozambican escudoPortugueseescudo (before the euro was introduced) Portuguese Guinean escudoPortuguese Indian escudo Puerto Rican peso São...
Sources: EC convergence reports 1996-2014, Italian lira, Spanish peseta, Portugueseescudo, Finnish markka, Greek drachma, Sterling The eurozone was born with...
Sources: EC convergence reports 1996-2014, Italian lira, Spanish peseta, Portugueseescudo, Finnish markka, Greek drachma, Sterling The eurozone was born with...
Global Information
(⟨$⟩ is used when double-barred cifrão is not available)
Portugal
