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20 Escudos 9th. print
| Issuer | Banco de Portugal |
|---|---|
| Year | 1978 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | Banco de Portugal Ch.9 VINTE ESCUDOS OURO LISBOA, 13 DE SETEMBRO DE 1978 Almirante Gago Coutinho (Translation: Bank of Portugal 9th. print Twenty Escudos Gold Lisbon, September 13, 1978 Admiral Gago Coutinho) |
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| Protection description | Portrait of Admiral Gago Coutinho. |
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| Comments |
Among the signatories on this print, Vítor Constâncio — then a Banco de Portugal administrator — would later serve as Governor of the Banco de Portugal from 1985 to 1986 and again from 2000 to 2010, before becoming Vice-President of the European Central Bank. His early signature appearances on 1970s escudo notes are a minor footnote to that longer career.
The nine-print run of this 20 Escudos type stretched across several years of post-revolutionary monetary adjustment following the April 1974 coup. By 1978, inflation had badly eroded the note's purchasing power — 20 escudos was already marginal in daily use.