Escudo D'Aragón.svg
The escudo (Portuguese: 'shield') is a unit of currency historically used in Portugal and its colonies in South America, Asia, and Africa. It was originally worth 16 silver . The Cape Verdean escudo and the former Portuguese escudo (PTE), each subdivided into 100 , are named after the historical currency. Its symbol is the , a letter S with two vertical bars superimposed used between the units and the subdivision (for example, ). Other currencies named "escudo" Circulating * Cape Verdean escudo Obsolete *Angolan escudo *Chilean escudo *Écu, French écu *Mozambican escudo *Portuguese escudo The Portuguese escudo was the currency of Portugal from May 22nd 1911 until the introduction of the euro on January 1st 2002. The escudo was subdivided into 100 . The word derives from the scutum shield. Amounts in escudos were written as w ... *Portuguese Guinean escudo *Portuguese Indian escudo *Portuguese Timorese escudo *São Tomé and Príncipe escudo *Spanish escudo Refere ...
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Portuguese Indian Escudo
The escudo was the currency of Portuguese India between 1958 and 1961. It was subdivided into 100 '' centavos'' and was equal in value to the Portuguese escudo. After Portuguese India was annexed by the Republic of India in 1961, the escudo was replaced by the Indian rupee. History The escudo replaced the rupia at the rate of 1 rupia = 6 escudos. This was due to the respective values of the Indian rupee (to which the rupia was pegged) and the Portuguese escudo, with 1 rupee = 1s. 6d. stg and 1 escudo = 3d. Coins Coins were introduced in 1958 in denominations of 10, 30 and 60 centavos, 1, 3 and 6 escudos. The 10 and 30 centavos were struck in bronze, the others in cupro-nickel. Except for the 10 centavos, which was minted in 1961, none of these coins were produced after 1959. All of them are common. Banknotes In 1959, notes were introduced by the ''Banco Nacional Ultramarino Banco Nacional Ultramarino (, BNU; ; en, National Overseas Bank) is a Macau banking and financi ...
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