Europe before Eurono ©       Europe before Euro
Portugal


Portugal República Portuguesa     Map    
Population :
(1995)
10.600.000 (density 114 ; surface 88.607 km2)
Capital : Lisboa (2.000.000)
Internet : PT domain
565.000 people on the Web (5,7%) (Oct-99) (CyberScan)
Referrer : (pas@cc.gatech.edu)


Currency : Escudos (PTE) till 28/02/2002
1 escudo = 100 Centavos (centavos are mostly out of use)
1 Euro = 200,482 escudos (fixed 31.12.1998)

FIXED VALUES AGAINST PTE
31.12.1998
100 PTE
reverse exchange
DEM
0.975559
10250.5
100
FRF
3.271819
3056.34
100
ITL
985.805
103.541
1000
ESP
82.9929
120.492
100
NLG
1.09920
9097.53
100
BEF/LUF
20.1214
496.984
100
ATS
6.86357
1456.97
100
FIM
2.96571
3371.88
100
IEP
0.392834
254.560
1
GRD
169.965
58.8355
100
 


Number initial banknotes (mln) 535
Number initial coins (mln) 1.296
Serial letter M

Eurokit - number (mln) n.a.
Eurokit - value n.a.
Eurokit - national value n.a.

National money validity 28/02/2002
Change in banks 30/06/2002
Change coins in centr.bank 31/12/2002
Change banknotes in centr.bank 20 years

500 EUR value PTE 100,241,00
Biggest banknote PTE 10.000
Biggest banknote value EUR 60,10

 
Coins : 1, 2.50, 5, 10, 20, 25, 50, 100 and 200 escudos.
Paper : 100, 500, 1000, 2000, 5000, and 10000.
Other historical banknotes
Authority :
Banco de Portugal

Portuguese Ministry of Finance's Comissão Euro - home page
Lisboa Stock Exchange
Banks : Informations from Portalino Fantalinks
Banco Comercial Português
Banco Espirito Santo
Banco Português do Atlântico
Barclays Bank (PT)
Caixa Geral de Depósitos
Others : Associação Portuguesa das Empresas de Contabilidade
Statistics
TTE Tourismus Team Europe

GSM :
Operator System Start Subscribers
01/03/2000
% of growth
last year
Tmn Gsm 10/92 2.337.774* 45
Telecel Gsm/Dcs 10/92 1.839.512* 26
Optimus Gsm/Dcs 9/98 906.922* 149
*= estimate ; source= Mobile communications 4.984.208

UMTS :
Number of operators 4 (only national)
Process of allocation beauty contest
Pubblication of the assignment procedure sept. 2000
Assignement of the licenses 1. trim. 2001
Service startup 01/01/ 2002

ATMs :
      All belong to the same network (MultiBanco). Visa/Plus (ATM Locator)and MasterCard work on most of them. Very abundant in major cities, and can also be found in smaller cities and resorts.


Credit
Cards :
      Visa and American Express are the only cards issued by Portuguese banks (as of May 1993), with Visa having a significant share of the market, while American Express is a "prestige" card. Every merchant that accepts Visa also accepts MasterCard. This includes most shops and services that tourists are like to frequent, except for public transportation.
Travelers
checks:
      All Portuguese banks have begun to implement a standard charge of 2000 escudos (almost 10 USD) for cashing travelers' checks. In addition, the government is requiring a further 0.9% commission on any such transaction. This amounts to a fee of approximately 11 USD for each encashment, irrespective of the value of the transaction. (the Independent, London, 12th June 1993)

mixed by Netzapping Europe