escudo UK /ɪˈskuːdəʊ/US /ɪˈskuːdoʊ/ noun3 •The state currency formerly used in Portugal and its colonies, divided into 100 centavos. The symbol $ is positioned between the escudos and centavos, i.e. 2$50.[I]n a handkerchief he found a nice pile of gold escudos[...] — 1605 •The currency formerly used in Chile and replaced by the Peso. •The currency of Cape Verde. formsescudos