from The American Heritage® Dictionary of the English Language, 4th Edition
- n. See Table at currency.
- n. The primary unit of currency in Portugal before the adoption of the euro.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The state currency formerly used in Portugal, divided into 100 centavos. The symbol is $.
- n. The currency formerly used in Chile and replaced by the Peso.
- n. The current currency of Cape Verde
from The Century Dictionary and Cyclopedia
- n. A Spanish silver coin, in value equal to about 50 cents in United States money.
- n. A gold coin of Chile, of the value of five pesos, equal to $1.825.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the basic unit of money on Cape Verde; equal to 100 centavos
- n. formerly the basic monetary unit of Portugal; equal to 100 centavo
Agora, que o "escudo" foi tirado da batalha, o que vai acontecer?
Banks and investment funds in one euro-using country gorged on the bonds of others, freed of worry about devaluation-prone currencies like the drachma, lira, peseta and escudo.
Estas armas no sero canhes, bombas ou balas, mas sim, um polmico escudo antimsseis, cujo projeto e desenvolvimento devem custar US$ 7,9 bilhes.
The reinvented escudo would undoubtedly drop like a stone, but to a level that makes Portugal's under-educated and under-trained work force competitive in world markets.
For instance, the Spanish peseta, Portuguese escudo and Irish punt could devalue 50% against the new Deutsche mark.
German bond yields would head below 1%, while southern European rates would head for 7% to 12%, and the new Spanish peseta, Portuguese escudo and Irish pound would devalue by 50% against the new Deutschmark.
If these countries still had their own currencies -- the Greek drachma, the Spanish peseta and the Portuguese escudo -- they could devalue the currencies against those of their northern European neighbors and the U.S. dollar.
Before Greece or Portugal seriously consider bringing back the drachma and escudo, and devaluing their way out of trouble, recall that Argentina took this advice in late 2001.
But how will the Azores or the Algarve compete with much cheaper Santorini holidays priced in drachmas unless Portugal follows suits and brings back the escudo.
What will follow: a born-again drachma, Irish pound and perhaps escudo and peseta.