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| Name | Paper money Portugal - Escudos Portugal - banknote - banknotes |
| Video Uploader | Video From Maksi Warrior |
| Upload Date | This Video Uploaded At 27-06-2019 04:49:55 |
| Video Discription | Send help, donate channel https://www.donationalerts.com/r/maksi_top Portugal is a participating country of the European Union. Monetary unit - the Euro equal to 100 cents. Until January 1, 2002 banknotes of Portugal was the Escudo - equal to 100 centavo. Nominal range is the national currency of Portugal has been presented by notes of denomination of 500, 1000, 2000, 5000 and 10000 Escudos. The word Portuguese escudo means shield. The same word means the monetary unit in the former Portuguese colonies — Angola, Guinea-Bissau, Macau, Mozambique, Cape Verde Islands, Sao Tome and Principe, East Timor. Currently in use is preserved only Escudo Cape Verde. In 1854 in Portugal was introduced the gold standard and monetary unit of milreis divisible by 1000 flights from gold content in 1.62585, After the elimination of the monarchy, with 22 may 1911, instead of milreis introduced Escudo with the same gold content. During the first world war, the Escudo depreciated sharply. In 1924 was established exchange controls. Since June 9, 1931 as a result of the devaluation of the Escudo 96% of its gold content fell to 0.066567 grams of pure gold. On 22 September 1949 the Escudo was again devalued. From March 19, 1973, the Escudo exchange rate to the US dollar began to fluctuate without limiting the scope of changes. On 25 August 1977, the Escudo exchange rate established on the basis of a basket of currencies. On the banknotes Escudo depicts prominent figures of Portuguese history. The final series of bills devoted to the era of Great geographical discoveries, with the portraits of: Giovanni di Barrosa (historian and writer), Pedro Alvares Cabral (Explorer who discovered Brazil), Bartolomeu Dias di Navaisha (the Explorer who discovered the Cape of Good Hope), Vasco da Gama |
| Category | People & Blogs |
| Tags | Portugal | banknotes of Portugal | catalog of banknotes of P | paper money Portugal | Escudo bonds | photo of banknotes of Por | The history of the bankno | Commemorative banknotes | Collector`s notes |
