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The '''escudo''' was the currency of [[Portuguese India]] between 1958 and 1961. It was | 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== | ==History== | ||
Latest revision as of 12:56, 24 September 2021
| Portuguese Indian escudo | |
|---|---|
| Escudo da Índia Portuguesa | |
.jpg) 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 Portuguese India was annexed by the Republic of India in 1961, the escudo was replaced by the Indian rupee.
History[edit | edit source]
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.
Coins[edit | edit source]
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[edit | edit source]
In 1959, notes were introduced by the Banco Nacional Ultramarino in denominations of 30, 60, 100, 300, 600 and 1000 escudos.
| Image | Value | Main colour | Description | ||
|---|---|---|---|---|---|
| Obverse | Reverse | Obverse | Reverse | ||
| [1] | 30 escudos | Red | Afonso de Albuquerque | Afonso de Albuquerque and ships | |
| [2] | 60 escudos | Violet | |||
| [3] | 100 escudos | Blue | |||
| [4] | 300 escudos | Red | |||
| [5] | 600 escudos | Green | |||
| [6] | 1000 escudos | Brown-green | |||
References[edit | edit source]
- Krause, Chester L.; 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.
