Portuguese escudo

Portuguese escudo

Escudo português (Portuguese)
25 escudo (1985), obverse 25 escudo (1985), reverse
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.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 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).