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Há 17 horas · The "escudo" was introduced on 22 May 1911 to replace the real (Portuguese for "royal"), at the rate of 1,000 réis to 1 escudo. The escudo's value was initially set at 4$50 escudos = 1 pound sterling, but after 1914 its value fell, being fixed in 1928 at 108$25 to the pound. This was altered to 110$00 escudos to the pound in 1931.
