Portuguese escudo

ISO 4217 CodePTE Unit UnitEscudo Pluralescudos Symbol‎ (⟨$⟩ is used when double-barred cifrão is not available) Denominations Superunit  1000conto Subunit   1⁄100centavo Plural  centavocentavos Banknotes  Freq. used500 , 1,000, 2,000, 5,000, 10,000  Rarely used20, 50, 100 Coins  Freq. used1, 5, 10, 20, 50, 100, 200  Rarely used250, 25 Demographics User(s)None, previously:  Portugal Issuance Central bankBanco de Portugal  Websitewww.bportugal.pt MintImprensa Nacional-Casa da Moeda  Websitewww.incm.pt Valuation Inflation2.8% (2000)  Sourceworldpress.org EU Exchange Rate Mechanism (ERM) Since19 June 1989 Fixed rate since31 December 1998 Replaced by euro, non cash1 January 1999 Replaced by euro, cash1 January 2002 1 € =200.482 PTE This infobox shows the latest status before this currency was rendered obsolete.

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.