Old portuguese escudos
1344×768 · AVIF · CC BY 4.0
The Portuguese escudo was the official currency of Portugal for over 90 years, circulating from 1911 to 2002.
About this subject
The Portuguese escudo replaced the real in 1911 after the establishment of the Republic. Its name refers to the national coat of arms, which features shields. Coins depicted historical figures such as Prince Henry the Navigator, Luís de Camões and explorers, along with heraldic symbols. The final series, launched in the 1990s, highlighted themes from the Age of Discovery. Following Portugal's adoption of the Euro, the escudo ceased circulation in 2002, though it can still be exchanged at the Bank of Portugal. Collectors seek rare pieces like the gold escudos from the Estado Novo period or the early republican issues.
Frequently Asked Questions
When did the Portuguese escudo begin circulating?
In 1911, after the Proclamation of the Portuguese Republic, replacing the real.
What were the most common designs on escudo coins?
Coins featured portraits of historical figures, coats of arms and themes related to the Age of Discovery.
Can escudos still be exchanged?
Yes, at the Bank of Portugal, escudo banknotes and coins can be exchanged for euros indefinitely.
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