Escudo
The escudo is a unit of currency. It was used in Portugal and in their colonies and continues in use in several nations today. Currently, Cape Verde uses the escudo as its unit of currency. Escudo is Portuguese for “shield”.Angolan escudoChilean escudoCape Verdean escudoMozambican escudoPortuguese escudoPortuguese Guinean escudoPor ...
Origin of the name for Escudo Portuguese
The term "Escudo," which means "shield" in Portuguese, was adopted as the name for the currency of Portugal and its former colonies. The name has historical significance and reflects the emblematic role of the shield in Portuguese heraldry and symbolism.The Escudo was introduced as the official currency of Portugal in 1911, replacing the Portu ...
Portuguese Escudo
The escudo was the currency of Portugal prior to the introduction of the Euro on 1 January 1999 and was removed from circulation on 28 February 2002. The ISO 4217 code of the escudo was PTE. The escudo was subdivided into 100 centavos. Its symbol was the cifrão (), similar to the dollar sign, but with two strokes. Amounts in escudos were writt ...