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Portuguese escudo - Currency

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.

Portuguese Escudo


Portugal - Portuguese escudo

1 Portuguese escudo 100 centavos

International designation: D

Denomination banknotes in circulation: 500, 1,000, 2,000, 5,000 and 10,000 escudos

Value of coins in circulation: 2.5, 5, 10, 50, 100 and 200 escudos


The country has developed steadily, that is, the monetary system and the country was interesting and stable.

First of all we should pay attention to the coins which were made throughout the country, that is, the coin at a time and were the basis of the monetary system of the country.

But the country has evolved, respectively, the monetary system of the country did not stand still.

And in a short time needed to create its own monetary system, which would be able to support both the overall economy and national development.

It is necessary to prove that in the country for a long time worked on the currency, but it did not bring all the necessary development and popularity of the security exchange.

I would like to say that the first currency was in the country, and it does not become consumed due to the fact that the security system of currency virtually absent away.

Soon the situation in the country was almost disastrous, and the government was forced to develop a new currency, which would be able to meet consumer needs.

After a certain amount of time in the country appeared more reliable currency, its appearance was still not finalized, but in general the currency is already too acceptable.

And it became an instant, revered and popular in the country, in addition, some countries have used it instead of its own monetary system.


Currency practically does not differ from the rest of the currencies of other countries, but it's worth pointing out that there are some features.

On the reverse side of banknotes have an image not only interest but also the flag and emblem of the country, all decorated in an art form, so the look can turn attract users.

On the obverse is an image of the country's political leader, just the face value, which is framed and quite original and interesting.

It should also be noted safety features that have been applied, all the elements brought some popular currency, as they made it safe.

In general, the currency can be considered quite successful, but it's worth pointing out that at present the country uses a different currency, which was adopted as a national country and in our time is the widespread circulation.


Tourism in the country practically is not developed, but in our time the Government has allocated significant funds for what would be more intensive tourism and progressively developed.

Currently, the country is in use the European currency.

Euro, equal to 100 cents. In the back are notes in denominations of 5, 10, 20, 50, 100, 200 and 500 euros, and coins in denominations of 1, 2, 5, 10, 20 and 50 cents.