Portuguese Escudo

Portuguese Escudo

The escudo (, shield; sign : or ; code: PTE) was the currency of Portugal prior to the introduction of the Euro on 1 January 1999 and its removal from circulation on 28 February 2002. The escudo was subdivided into 100 centavos.

Amounts in escudos were written as escudos  centavos with the cifrão as the decimal separator (e.g. 25$00 means 25, 100$50 means 100 and 50 centavos). Because of the conversion rate of 1000 réis = 1, three decimal places were initially used (1 = 1$000).