Portuguese Indian escudo
| Portuguese Indian escudo | |
|---|---|
| Issuing authority | Banco Nacional Ultramarino |
| 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 |
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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.
History
The escudo replaced the rupia at the rate of 1 rupia = 6 escudos. This was due to the respective values of the Indian rupee (to which the rupia was pegged) and the Portuguese escudo, with 1 rupee = 18 British pence and 1 escudo = 3 pence. After Portuguese India was annexed by the Republic of India in 1961, the escudo was replaced by the Indian rupee.
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.
Banknotes
In 1959, notes were introduced by the Banco Nacional Ultramarino in denominations of 30, 60, 100, 300, 600 and 1000 escudos.
References
- Krause, Chester L., and Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
- 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.
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