Portuguese escudo
| 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 | 250, 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. | |||||
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The Portuguese escudo (Portuguese: escudo português, pronounced [(i)ʃˈkudu puɾtuˈɣeʃ]) was the currency of Portugal replacing the real on 22 May 1911 and was in use until the introduction of the euro on 1 January 2002. The escudo was subdivided into 100 centavos. The word escudo literally means shield; like other coins with similar names, it depicts the coat of arms of the state.
Amounts in escudos were written as escudos centavos with the cifrão as the decimal separator (for example: 2500 means 25.00 escudos, 10050 means 100.50 escudos). Because of the conversion rate of 1,000 réis = 1, three decimal places were initially used (1 = 1000).