Portuguese Indian escudo

Portuguese Indian escudo

Escudo da Índia Portuguesa
1 Escudo (1959)
Denominations
Subunit
1⁄100	centavo
Banknotes	30, 60, 100, 300, 600, 1000 escudos
Coins	10, 30, 60 centavos, 1, 3, 6 escudos
Demographics
User(s)	Portuguese India
Issuance
Issuing authority	Banco Nacional Ultramarino
Valuation
Pegged with	Portuguese escudo
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 subdivided into 100 centavos and was equal in value to the Portuguese escudo. After Goa was invaded by the Republic of India in 1961, the escudo was replaced by the Indian rupee.

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 one rupee equalling one shilling six pence (18 pence) sterling and one escudo equaling three pence.

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. Except for the 10 centavos, which was minted in 1961, none of these coins were produced after 1959. All of them are common.

Banknotes

In 1959, notes were introduced by the Banco Nacional Ultramarino in denominations of 30, 60, 100, 300, 600 and 1000 escudos.

References

External links

• System Portuguese Indian escudo - Banknotes
• Indo-Portuguese Issues

This page was last edited on 5 September 2023, at 12:53