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escudo |
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escudo [ess-kew-doe] Noun pl -dos a former monetary unit of Portugal [Spanish: shield]
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| As a former Portuguese colony, East Timor was leaning toward the euro--the successor to the Portuguese currency, the escudo. Leading brands for North Lake Wines include Escudo Rojo, Fernleaf, Foolish Oak, J Roget, Kelly's Revenge, Marcus James, Mouton Cadet, Paul Masson table wines, and Taylor California Cellars. When the D-mark was king in the pre-euro regime, corporations in European countries on the German periphery such as Italy, Portugal, and Spain suffered currency risk relative to German issuers of mark-denominated bonds because of the existence of the lire, escudo, and peseta. |
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