Portuguese Indian escudo

2021-09-24T07:26:09Z

2A00:20:C00D:673D:BAD8:1E60:D877:2D4C:

{{Infobox Currency
| currency_name_in_local = Escudo da Índia Portuguesa
| iso_code =
| using_countries = {{flag|Portuguese India}}
| image_1 = File:1 Escudo (1959).jpg
| image_title_1 = 1 Escudo (1959)
| inflation_rate =
| inflation_source_date =
| subunit_ratio_1 = 1/100
| subunit_name_1 = [[centavo]]
| symbol =
| pegged_with = [[Portuguese escudo]]
| used_coins = 10, 30, 60 centavos, 1, 3, 6 escudos
| used_banknotes = 30, 60, 100, 300, 600, 1000 escudos
| issuing_authority_title = [[Issuing authority]]
| issuing_authority = [[Banco Nacional Ultramarino]]
| issuing_authority_website =
| obsolete_notice = Y
}}
The '''escudo''' was the currency of [[Portuguese India]] between 1958 and 1961. It was subdivided into 100 ''[[centavo]]s'' and was equal in value to the [[Portuguese escudo]]. After [[Portuguese India]] was [[Invasion of Goa|annexed]] by the [[Republic of India]] in 1961, the escudo was replaced by the [[Indian rupee]].

==History==
The escudo replaced the [[Portuguese Indian rupia|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 pound|British pence]] and 1 escudo = 3 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.

{| class="wikitable" style="text-align:center"
|+
|-
!colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Main colour !!colspan="2"| Description
|-
! Obverse !! Reverse !! Obverse !! Reverse
|-
| style="text-align:center;"| [http://banknote.ws/COLLECTION/countries/ASI/PIN/PIN0041.htm]
| style="text-align:center;"|
| style="text-align:center;"| 30 escudos || Red || rowspan="6"| [[Afonso de Albuquerque]] || rowspan="6"| Afonso de Albuquerque and ships
|-
| style="text-align:center;"| [http://banknote.ws/COLLECTION/countries/ASI/PIN/PIN0042.htm]
| style="text-align:center;"|
| style="text-align:center;"| 60 escudos || Violet
|-
| style="text-align:center;"| [http://banknote.ws/COLLECTION/countries/ASI/PIN/PIN0043.htm]
| style="text-align:center;"|
| style="text-align:center;"| 100 escudos || Blue
|-
| style="text-align:center;"| [http://banknote.ws/COLLECTION/countries/ASI/PIN/PIN0044.htm]
| style="text-align:center;"|
| style="text-align:center;"| 300 escudos || Red
|-
| style="text-align:center;"| [http://banknote.ws/COLLECTION/countries/ASI/PIN/PIN0045.htm]
| style="text-align:center;"|
| style="text-align:center;"| 600 escudos || Green
|-
| style="text-align:center;"| [http://banknote.ws/COLLECTION/countries/ASI/PIN/PIN0046.htm]
| style="text-align:center;"|
| style="text-align:center;"| 1000 escudos || Brown-green
|}

==References==
{{refbegin}}
*{{numis cite SCWC|date=1991}}
*{{numis cite SCWPM|date=1994}}
{{refend}}

==External links==
{{Portal|Money}}
* [http://banknote.ws/COLLECTION/countries/ASI/PIN/PIN.htm#Escudo System Portuguese Indian escudo - Banknotes]
* [http://www.rbi.org.in/scripts/pm_indoportuguese.aspx Indo-Portuguese Issues]

{{Escudo}}
{{Historic Indian currency and coinage}}
{{Goa topics}}

{{Authority control}}
[[Category:Portuguese India]]
[[Category:Modern obsolete currencies]]
[[Category:Historical currencies of India]]
[[Category:Economic history of Portugal]]
[[Category:1958 establishments in Portuguese India]]
[[Category:1961 disestablishments in Portuguese India]]
[[Category:Escudo]]

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Portuguese Indian escudo