Word: escudos
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...been balanced only twice in the previous 74 years. Salazar took over with a strong hand, made even the generals his servants. Today Portugal enjoys relative stability: she has no inflation, her payments with the outside world are in balance, her national wealth is 150% above 1946, her escudo (29 to $1) is respectable. Her wartime neutrality brought good profits, a fine credit position and-thanks to his foresighted and unneutral leasing of Azores bases to the U.S. before war's end-enough standing to win charter membership in NATO...
...Austria (Schilling) 25.83 Belgium (B. Franc) 50 Canada (C. Dollar) par Denmark (Krone) 6.89 Egypt (Pound) 2.89 England (Pound) 2.80 Finland (Mark) 232 France (Fr. Franc) 350 Germany (Mark) 4.20 Holland (Florin) 3.84 India (Rupee) 4.76 Ireland (Pound) 2.80 Italy (Lira) 624 Mexico (Peso) .1160 Norway (Krone) 7.14 Portugal (Escudo) 28.50 So. Africa (Pound) 2.82 Spain (Peseta) 39.00 Sweden (Krona) 5.13 Switzerland (S. Franc) 4.37 Turkey (Livre...
This spring, the Belgian franc is (after the Swiss franc and the Portuguese escudo) Europe's hardest currency. Belgians had their worries, but they were better off than any other European people touched by the war. They had cake in the cupboard as well as hope in the future...
...Even at Portugal's long past zenith, the Portuguese were ruled rather than governed-mostly by men less shrewd than Salazar (who exacted a pretty escudo for war aid to the Allies...
...years before 1928.) Portugal's exports were much higher than before the war; her merchant marine was about to double its tonnage and her fishing fleet was expanding. Portugal's shop windows were full of luxury goods unobtainable in most of Europe. Her currency unit, the escudo, was steady at four U.S. cents...