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Escudo

From Biocrawler, the free encyclopedia.

Escudo

1 escudo 2000

The escudo was the official currency of Portugal prior to the introduction of the euro in January 1, 1999 (euro coins and notes were not introduced until 2002). 100 centavos made up one escudo. Its symbol was the cifrão, similar to a dollar sign ($) but with two vertical bars instead of one. Amounts in escudos were written as escudos$centavos with the cifrão as the decimal separator (e.g. 25$00 means 25 escudos, 100$50 means 100 escudos and 50 centavos). Inflation made centavos essentially useless and centavo coins were eventually withdrawn from circulation (the 2$50 coin was the last one with a fractional value in escudos). Prior to elimination of local currencies and at the time of conversion, the exchange rate was 200.482 escudos to one euro.

Coins in circulation at the time of the changeover

5 Escudo (2.49 Eurocents)
10 Escudo (4.99 Eurocents)
20 Escudo (9.98 Eurocents)
50 Escudo (24.94 Eurocents)
100 Escudo (49.88 Eurocents)
200 Escudo (99.76 Eurocents)

Coins are no longer exchangeable for Euro.

Banknotes in circulation at the time of the changeover

500 Escudo (2.49 Euro)
1000 Escudo (4.99 Euro)
2000 Escudo (9.98 Euro)
5000 Escudo (24.94 Euro)
10,000 Escudo (49.88 Euro)

The last 100-Escudo Banknote represented Fernando Pessoa, the famous Portuguese writer.

The ISO 4217 code of the escudo was PTE.

Escudo is Portuguese for "shield".

The official currency of Cape Verde (Portuguese: Cabo Verde), a former Portuguese colony, is also called Escudo. Its ISO 4217 code is CVE. Since 1999, the Cape Verde escudo was tied to the Portuguese escudo (CVE 1 = PTE 0.55; PTE 1 = CVE 1.8182), and therefore to the euro (EUR 1 = CVE 110.265)

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External link

Overview of the Portuguese escudo from the BBC (http://news.bbc.co.uk/hi/english/static/in_depth/business/2001/euro_cash/spent_currencies/escudo.stm)

Pre-euro currencies and non-euro currencies

Eurozone	Austrian schilling \| Belgian franc \| Dutch guilder \| Finnish markka \| French franc \| German mark \| Greek drachma \| Irish pound \| Italian lira \| Luxembourg franc \| Portuguese escudo \| San Marinese lira \| Spanish peseta \| Vatican lira
ERM	Cypriot pound \| Danish krone¹ \| Estonian kroon \| Latvian lat \| Lithuanian litas \| Maltese lira \| Slovenian tolar
Other EU	British pound¹ \| Czech koruna \| Hungarian forint \| Polish zloty \| Slovak koruna \| Swedish krona²

Notes:

1 – negotiated an opt-out and is not obliged to join the Eurozone.

2 – technically obliged to join the Eurozone, but deliberately fails to meet one of the Maastricht criteria (namely membership in ERM II).

edit this box (*http://www.biocrawler.com/w/index.php?title=Template:AfricanCurrencies&action=edit*)
Currencies of Africa
North	Algerian dinar \| Egyptian pound \| Libyan dinar \| Mauritanian Ouguiya \| Moroccan Dirham \| Sudanese dinar \| Tunisian dinar
Central	Burundi franc \| Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon)) \| Congolese franc \| Angolan Kwanza \| Rwandan franc
West	Cape Verde Escudo \| Gambian Dalasi \| Ghanaian Cedi \| Guinean franc \| Biffeche Dinar-Haut \| Liberian dollar \| Nigerian Naira \| São Tomé and Príncipe Dobra \| Sierra Leonean Leone \| West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
East	Comorian franc \| Djiboutian franc \| Eritrean Nakfa \| Ethiopian Birr \| Kenyan shilling \| Seychelles Rupee \| Somali shilling \| Tanzanian shilling \| Ugandan shilling
South	Botswana Pula \| Euro (Réunion) \| Lesotho Loti \| Malawian kwacha \| Malagasy ariary \| Mauritian Rupee \| Mozambique Metical \| Namibian dollar \| Saint Helenian pound \| South African Rand \| Swaziland Lilangeni \| Zambian Kwacha \| Zimbabwe dollar </table>