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The basic monetary unit of Portugal and the Cape Verde Islands, equal to 100 centavos (replaced in Portugal by the euro in 2002).
- ‘Within one year of abandoning the escudo for the euro, Portugal, for example, was forced to make massive cuts in public spending to meet the stability pact's criteria.’
- ‘The euro, which replaces the old francs, marks, guilders, pesetas, escudos, drachmas, and lire of the European Union, is not yet five years old.’
- ‘Some taxi operators and small businesses were reported to be giving back change in both euros and escudos, against government recommendations.’
- ‘She could earn up to 15,000 escudos a day, or three times the going rate for a building site in Lisbon.’
- ‘The baron got 800 escudos a year in compensation.’
- ‘Portugal had until the end of February to phase out the escudo.’
Spanish and Portuguese, from Latin scutum ‘shield’.
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