There are 19.6 million notes, from 500 to 10,000 shells, which have not been changed, 14 years after the introduction of the single currency in Portugal with the conversion rate for 1 euro fixed at 200,482 shields. In value, these notes can still be exchanged – the 20, 50 and 100 shells have lost their validity – represent a value equivalent to 156.1 million euros, according to data from the Bank of Portugal for December 2015.
According to news the public in the issue of Monday, March 14, the highest accumulated value in the drawers and in the vaults of the Portuguese, equivalent to 39% of the total, refers to the notes of 5,000 escudos (pictured it is the latest version that was circulated). Already in quantity there are the eight million 500 escudos notes that continue to exchange, according to the accounting of the central bank. The deadline for the exchange of shell coins ended soon December 31, 2002.
Last year, the Portuguese delivered about 75,000 notes in cash desks of the Bank of Portugal, above 5,000 escudos and received in exchange for close to 1.2 million euros. The deadlines for the exchange of escudo notes is 20 years “from the date of the plate to a recall that the note belongs.” That is, there are several deadlines for the exchange, and the longer ends in 2022. He still remembers how were some of the escudo notes, adopted after the proclamation of the Republic?
And where are after all these nearly 20 million notes? The newspaper Público part lists the various hypotheses, “collecting some nostalgia (memory element), tourists who took the notes you before 2002 lack the ability to convert these values, inertia and lack of interest, or money that was saved and never no one remembered. “
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