Scrabble Dictionary

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Yes, escudo is playable

...and is worth 11 points.

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"Escudo" Definition

noun

See Table at currency.
The primary unit of currency in Portugal before the adoption of the euro.
The basic monetary unit of Portugal and the Cape Verde Islands, equal to 100 centavos (replaced in Portugal by the euro in 2002).
The basic monetary unit of Chile from 1960 to 1975.
The basic monetary unit of Portugal from 1910 to 2001.