BusinessSeptember 1, 2026
escudo
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Definition
The former monetary unit of Portugal, replaced by the euro in 2002.
Etymology
Derived from the Portuguese word for 'shield,' referring to the shield-like coat of arms depicted on the coin's face. It shares a common Latin root with the word 'scutum'.
In the news
The article uses the term to describe the currency that the Macau pataca was pegged to until 1977, illustrating the historical shift in currency valuation.
MONADIC VIEWS – The Peg
Read the full article ↗Macau Business