What Was The Portugal Currency Before The Euro? - Iberian Wonders

What Was The Portugal Currency Before The Euro? Have you ever wondered about the currency that Portugal used before the euro? In this informative video, we will take you through the fascinating history of Portugal's monetary system. We'll start by discussing the Portuguese escudo, the currency that served the nation for decades. You’ll learn about its introduction in 1911, following a significant political change, and how it replaced the previous currency known as the Real. We’ll also explain the unique features of the escudo, including its subdivision into centavos and the special symbol used to represent it. This video will provide a clear timeline of the escudo's use until the transition to the euro, which began in 1999. You’ll discover how the exchange rate was established during this period and the process of phasing out the escudo in favor of the euro. Even though the escudo is no longer in circulation, there are still ways to exchange old banknotes for euros, and we’ll touch on that as well. Join us for this informative discussion about Portugal's currency history, and don't forget to subscribe to our channel for more engaging content on the Iberian Peninsula. ⬇️ Subscribe to our channel for more valuable insights. 🔗Subscribe: https://www.youtube.com/@IberianWonde... #Portugal #PortugueseEscudo #CurrencyHistory #EuroTransition #IberianPeninsula #MonetarySystem #Centavos #Banknotes #EuropeanUnion #Cifrão #HistoricalCurrency #PortugalHistory #Finance #Economy #TravelPortugal #CulturalHeritage About Us: Welcome to Iberian Wonders, your ultimate gateway to the rich tapestry of the Iberian Peninsula! Join us as we explore the enchanting cultures, breathtaking landscapes, and hidden gems of Spain and Portugal. Our channel is dedicated to showcasing the diverse heritage, culinary delights, and fascinating stories that define this vibrant region.