Portuguese escudo
| Escudo português (Portuguese) | |||||
|---|---|---|---|---|---|
| |||||
| ISO 4217 | |||||
| Code | PTE | ||||
| Unit | |||||
| Plural | escudos | ||||
| Symbol | (; substituted with ⟨$⟩ when ⟨⟩ not available) | ||||
| Denominations | |||||
| Subunit | |||||
| 1⁄100 | centavo | ||||
| Plural | |||||
| centavo | centavos | ||||
| Banknotes | |||||
| Freq. used | 500, 1,000, 2,000, 5,000, 10,000 (2001) | ||||
| Coins | |||||
| Freq. used | 1, 5, 10, 20, 50, 100, 200 (2001) | ||||
| Demographics | |||||
| User(s) | 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 | ||||
The Portuguese escudo was the currency of Portugal prior to the introduction of the euro on 1 January 1999 and the removal of the escudo from circulation on 28 February 2002. The escudo was subdivided into 100 centavos. The word escudo derives from the scutum shield.
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 1000 réis = 1, three decimal places were initially used (1 = 1000).