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Portuguese 8 gold escudos (1729) Portuguese 4 centavos, 1917 50 centavos of 1926 2.50 escudos, 1981 The mintage period for the various denominations of the gold escudo (worth 1.6 milréis or 1.600 ) introduced in 1722 was different: 1 ⁄ 2 escudo through 1821, [ 3 ] 2 escudos through 1789, [ 4 ] and 4 escudos through 1799. [ 5 ]
Dollar – Rhodesia; Dinar – Sudan; Ekwele (Ekuele) – Equatorial Guinea; Escudo. Angolan escudo; Mozambican escudo; Portuguese Guinean escudo; São Tomé and Príncipe escudo; Florin – Kenya, Somalia, Tanzania and Uganda; Franc. Algerian franc; French Camerounian franc; Moroccan franc; Malagasy franc; Malian franc; Katanga Cross – Zaire ...
The cifrão was formerly used by the Portuguese escudo (ISO: PTE) before its replacement by the euro and by the Portuguese Timor escudo (ISO: TPE) before its replacement by the Indonesian rupiah and the US dollar. [28] In Portuguese and Cape Verdean usage, the cifrão is placed as a decimal point between the escudo and centavo values. [29]
Escudo Angolan escudo – Angola; Cape Verdean escudo – Cape Verde; Chilean escudo – Chile; Mozambican escudo – Mozambique; Portuguese escudo – Portugal; Portuguese Guinean escudo – Guinea Bissau; Portuguese Indian escudo – Portuguese India; Portuguese Timorese escudo – East Timor; São Tomé and Príncipe escudo – São Tomé ...
Exceptionally, the symbol for the Cape Verdean escudo (like the Portuguese escudo, to which it was formerly pegged) is placed in the decimal separator position, as in 2 50. [ 1 ] Design
The Cape Verdean escudo is, and the Portuguese escudo was, subdivided into 100 centavos. Its symbol is the Cifrão, a letter S with two vertical bars superimposed used between the units and the subdivision (for example, 25 50). In Spain and its colonies, the escudo refers to a gold coin worth sixteen reales de plata or forty reales de vellón.
Portugal's central bank is the Banco de Portugal, which is an integral part of the European System of Central Banks. The largest Portuguese banks are Banco Comercial Português and the state-owned Caixa Geral de Depósitos. [136] Portuguese banks hold strategic stakes in other sectors of the economy, including the insurance sector.
The "escudo" was introduced on 22 May 1911 to replace the real (Portuguese for "royal"), at the rate of 1,000 réis to 1 escudo. The escudo's value was initially set at 4$50 escudos = 1 pound sterling , but after 1914 its value fell, being fixed in 1928 at 108$25 to the pound.