Euro-area member since 1 January 1999.
Fixed conversion rate:
€1 = 200.482 PTE
Adoption of the euro:
The euro banknotes and coins were introduced in Portugal on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as 'book money'. The dual circulation period – when both the Portuguese escudo and the euro had legal tender status – ended on 28 February 2002.
Exchange of former national currency
The Banco de Portugal (Central Bank of Portugal) exchanged escudo coins until 31 December 2002 and will continue to exchange escudo banknotes until 28 February 2022.
- Banco de Portugal (Bank of Portugal
- Ministério das Finanças e da Administração Pública (Ministry of Finance and Public Administration, alsoEnglish)
- Imprensa Nacional – Casa da Moeda (Portuguese Mint,