Definition

1. Noun:
   • The basic unit of money on Cape Verde; equal to 100 centavos: "escudo" refers to the primary currency of the Republic of Cape Verde.
   • Formerly the basic monetary unit of Portugal; equal to 100 centavos: "escudo" also refers to the currency that was used in Portugal before it adopted the euro.

Usage Examples

• Noun:
  • The price of the souvenir was fifty Cape Verdean escudos.
  • My grandfather saved many old Portuguese escudo coins.
  • The hotel bill must be paid in escudos, not euros.

Advanced Usage

• Historical Context: The term is often used in historical or economic texts discussing the currencies of Portugal (until 2002) and Cape Verde.
  • The Portuguese escudo was replaced by the euro in 1999 for accounting purposes and in 2002 as physical currency.
• Currency Codes: In financial contexts, the Cape Verdean escudo is identified by the ISO code CVE.
  • The exchange rate is 110 CVE to 1 USD.

Variants and Related Words

• Centavo (n): A subunit of the escudo, equal to 1/100th of one escudo.
  • The coin is worth five centavos.
• Conto (n): A former, informal Portuguese term for 1,000 escudos.
  • He borrowed a few contos from his friend.

Synonyms

• Currency: The system of money used in a particular country.
• Monetary unit: The standard unit of value of a currency.

Related Phrases

• Escudo zone: A term sometimes used to refer to the economic area where the escudo was the primary currency.
  • Trade within the former escudo zone was affected by the change to the euro.

Noun

1. the basic unit of money on Cape Verde; equal to 100 centavos
2. formerly the basic monetary unit of Portugal; equal to 100 centavo