Where can I exchange escudos?
At the Banco de Portugal’s cash offices, you can exchange valid banknotes in escudos as well as damaged euro banknotes. You can also exchange euro banknotes and coins.
What is the current currency of Portugal?
When Did Portugal change to euros?
1 January 2002
The euro banknotes and coins were introduced in Portugal on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as ‘book money’. The dual circulation period – when both the Portuguese escudo and the euro had legal tender status – ended on 28 February 2002.
Does Portugal still use escudos?
Portuguese Escudos are now obsolete. We are able to exchange both Portuguese Escudo coins, as well as Escudo banknotes, both those from the last PTE series prior to the Euro introduction, as well as PTE notes from the older, demonetized series.
Is Cash accepted in Portugal?
Cash is no longer king in Portugal (even more so after COVID-19,) and almost all establishments accept credit/debit cards. Most international banks and money outlets now charge a fee for using ATM machines, as do most card providers. All major cards are accepted widely in Portugal at key tourist hubs.
Who is on the 1000 escudo banknote of Portugal?
This 1000 escudos banknote features the portrait of Pedro Alvares Cabral, Portuguese discoverer of Brazil. Text on the paper note reads ‘Banco de Portugal… The banknote of 2000 escudos portrays Bartholomeu Dias, Portuguese explorer.
Do you have Portuguese escudo coins to exchange?
In addition to these more recent Escudo banknotes, we also exchange the older series demonetized Portuguese Escudo banknotes, as well as Portuguese Escudo coins. Do you have Portuguese Escudo banknotes like the ones in the pictures below?
Where to exchange banknotes in Lisbon, Portugal?
At Banco de Portugal’s cash offices you can exchange banknotes up to the last working day prior to the collection term expiry date. If you are unable to exchange banknotes in person, you may mail them to Banco de Portugal’s Lisbon cash office, at the following address:
What’s the difference between a conto and an escudo?
Conto was the unofficial multiple of the escudo: 1 conto meant 1,000 $ 00, 2 contos meant 2,000 $ 00 and so on. The original expression was conto de réis, which means “one count of réis” and referred to one million réis. Since the escudo was worth 1,000 réis (the older currency), therefore one conto was the same as a thousand escudos.