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Portugal banknote - 20 vinte escudos - year 1959 - António Luís de Meneses

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Seller: boutique_zone ✉️ (109) 100%, Location: Nis, RS, Ships to: WORLDWIDE, Item: 394614036218 Portugal banknote - 20 vinte escudos - year 1959 - António Luís de Meneses. Portuguese escudo The Portuguese escudo was the currency of Portugal prior to the introduction of the euro on 1 January 1999 and the removal of the escudo from circulation on 28 February 2002. The escudo was subdivided into 100 centavos. The word escudo derives from the scutum shield. Amounts in escudos were written as escudos $ centavos with the cifrão as the decimal separator (e.g. 25$00 means $25.00, 100$50 means $100.50). Because of the conversion rate of 1000 réis = $1, three decimal places were initially used ($1 = 1$000). History Escudo gold coinage was initially introduced in 1722 with denominations including 1⁄2 escudo,[1] 2, 4, and 8 escudos, and were minted generally during the 18th century. The escudo (gold) was again introduced on 22 May 1911, after the 1910 Republican revolution, to replace the real at the rate of 1,000 réis to 1 escudo. The term mil réis (thousand réis) remained a colloquial synonym of escudo up to the 1990s. One million réis was called one conto de réis, or simply one conto. This expression passed on to the escudo, meaning 1,000$. The escudo's value was initially set at 675$00 = 1 kg of gold. After 1914, the value of the escudo fell, being fixed in 1928 at 108$25 to the Pound Sterling. This was altered to 110$00 to the Pound Sterling in 1931. A new rate of 27$50 escudos to the U.S. dollar was established in 1940, changing to 25$00 in 1940 and 28$75 in 1949. During World War II, escudos were heavily sought after by Nazi Germany, through Swiss banks, as foreign currency to make purchases to Portugal and other neutral nations. Inflation throughout the 20th century made centavos essentially worthless by its end, with fractional value coins with values such as 0$50 and 2$50 eventually withdrawn from circulation in the 1990s. With the entry of Portugal in the Eurozone, the conversion rate to the euro was set at 200$482 to €1. Banknote, Portugal, 20 Escudos, 1941-1959, Signature title at left: O VICE-GOVERNADOR. 28.1.1941-25.5.1954.,Portrait D. Antonio Luiz de Meneses at right. Chapa 6.,Bank arms at center.,Green and purple on multicolor underprint.,Green on multicolor underprint. António Luís de Meneses, 1st Marquis of Marialva António Luís de Meneses, 1st Marquis of Marialva and 3rd Count of Cantanhede (13 December 1596 – 16 August 1675) was a member of the Forty Conspirators and a Portuguese general who fought in the Portuguese Restoration War, that ended the Iberian Union between Portugal and Spain. Meneses was born in a noble family - his father was Dom Pedro de Menezes, 2nd count of Cantanhede, and his mother Dona Constança de Gusmão (daughter of Rui Gonçalves da Câmara, 1st count of Vila Franca). Meneses was one of the Forty Conspirators involved in the revolution against the Spanish Habsburgs on 1 December 1640. He took active part in the storming of the residence and the capture of the Duchess of Mantua, who governed Portugal in the name of Philip IV of Spain (Philip III of Portugal). In 1641 he was assigned as general-commander (mestre-de-campo) of the Portuguese forces loyal to John IV of Portugal, and he organized the defences against Spanish attacks. He participated in almost every battle of the Portuguese Restoration War between 1641 and 1665. His greatest victories were the Battle of the Lines of Elvas in 1659 and the Battle of Montes Claros in 1665. After the success in the first battle the Count of Cantanhede received among several honors, the title of Marquis of Marialva on 11 June 1661. He was present at the signing of the Treaty of Lisbon on 13 February 1668. After his victory at Montes Claros, he also worked to establish the Convent of São Pedro de Alcântara.
  • Condition: I'm selling the banknote from the picture
  • Circulated/Uncirculated: Circulated
  • Type: Banknotes
  • Year: 1959
  • Country: Portugal
  • Grade: Ungraded
  • Country/Region of Manufacture: Portugal
  • Certification: Uncertified

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