Portuguese Escudo


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Portuguese Escudo

The former currency of Portugal. It was introduced in 1911 following the republican revolution, and was marked by high inflation throughout its history. It was removed from circulation and replaced by the euro in 2002.
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References in periodicals archive ?
The fixed parity between the Euro and the Cape Verde Escudo will follow from the official conversion rate fixed on 1 January 1999 between the Euro and the Portuguese Escudo. The present budgetary commitment by the Portuguese Government does not entail any obligations for the Portuguese Central Bank.
One euro is equal to: 6.55957 French francs 1.95583 German marks 40.3399 Belgian/Luxembourg francs 2.20371 Dutch guilders 13.7603 Austrian Schillings 5.94573 Finnish markka340.750 Greek drachmas 0.787564 Irish punts 1,936.27 Italian lire 200.482 Portuguese escudos 166.386 Spanish pesetasl Where can customers purchase euros?
The national currency of the 12 countries which have joined the Euro and become worthless on January 1 are Austrian schillings, Belgian francs, Dutch guilders, Finnish marks, French francs, German deutschmarks, Greek drachma, Irish punt, Italian lira, Luxembourg francs, Portuguese escudos and Spanish pesetas.
FIXED CURRENCY EXCHANGE RATES One Euro Equals 13.7603 Austrian Schillings 40.3399 Belgian Francs 5.94573 Finnish Markaa 6.55957 French Francs 1.95583 German Marks 340.75 Greek Drachmai 0.787564 Irish Punts 1936.27 Italian Lire 40.3399 Luxembourg Francs 2.20371 Dutch Guilders 200.482 Portuguese Escudos 166.386 Spanish Pesetas
I CAN'T say I have a lot of sympathy for Denis O'Brien, with his millions of pounds, share options and Portuguese Escudos, enjoying life on his tax exile Iberian estate.
But a Downing Street spokes-man said: "At the part of the station where she was dropped she could not find a ticket office." He said she had only Portuguese escudos after arriving back from holiday with her husband on Sunday night.
In December last year the company issued 319,146 new shares, representing 6% of the company which is capitalized at 266bn Portuguese escudos ($1.43bn).
He said more than "6 tons" of coins and "hundreds of kilograms" of bills, all denominated in Portuguese escudos, have been brought into the territory with permission from the United Nations, which is administering the territory until it becomes independent in two to three years.
= 200.482 Portuguese Escudos = 5.94573 Finnish Markkas The eleven European Union Member States in which the Euro will become a "genuine" currency from January 1, 1999, before becoming the "only" legal tender from January 1, 2002, were selected by EU Heads of State and Government in Brussels on May 3, 1998.

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