...i'm getting a better idea of the Portugal "type 1" from these posts & Vlim's comment:
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...It seems that so far 3 different variations of Portuguese lanyards have been identified...Lanyards from Portugal when they cleaned out their arsenals in the 1970s and 1980s. A nice example is shown in a 1977 article in 'Guns & Ammo', they also showed up in German magazine articles and Frankonia advertisements, being offered for sale along with other Portuguese equipment.
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Close-up of a Type 1 lanyard from Michael Reese's 1977 Guns & Ammo article.