Portuguese Indian escudo
From Wikipedia, the free encyclopedia
| Portuguese Indian escudo | |
| User(s) | Portuguese India |
|---|---|
| Subunit | |
| 1/100 | centavo |
| Coins | 10, 30, 60 centavos, 1, 3, 6 escudos |
| Banknotes | 30, 60, 100, 300, 600, 1000 escudos |
| Issuing authority | Banco Nacional Ultramarino |
| This infobox shows the latest status before this currency was rendered obsolete. | |
The escudo was the currency of Portuguese India between 1958 and 1961. It was divisible into 100 centavos and was equal in value to the Portuguese escudo.
Contents |
[edit] History
The escudo replaced the rúpia at the rate of 1 rúpia = 6 escudos. This was due to the respective values of the Indian rupee (to which the rúpia was pegged) and the Portuguese escudo, with 1 rupee = 18 British pence and 1 escudo = 3 pence. After Portuguese India was merged with the Republic of India in 1961, the rúpia was replaced by the Indian rupee.
[edit] Coins
Coins were introduced in 1958 in denominations of 10, 30 and 60 centavos, 1, 3 and 6 escudos. The 10 and 30 centavos were struck in bronze, the others in cupro-nickel.
[edit] Banknotes
In 1959, notes were introduced by the Banco Nacional Ultramarino in denominations of 30, 60, 100, 300, 600 and 1000 escudos.
[edit] References
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9.
