The Portuguese Escudo was the currency of Portugal from 1911 until 2002, when it was replaced by the Euro. The escudo was subdivided into 100 centavos and was used in various forms throughout its history, including coins and banknotes. The name "escudo" means "shield" in Portuguese, reflecting its historical significance. The currency underwent several changes, including design updates and adjustments in value, particularly during periods of economic instability. The escudo played a crucial role in Portugal's economy until the transition to the Euro facilitated greater economic integration within the European Union.