Neha Patil (Editor)

Portuguese Indian escudo

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
1/100
  
centavo

Pegged with
  
Portuguese escudo

User(s)
  
Portuguese India

Banknotes
  
30, 60, 100, 300, 600, 1000 escudos

Coins
  
10, 30, 60 centavos, 1, 3, 6 escudos

Issuing authority
  
Banco Nacional Ultramarino

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. After Portuguese India was annexed by the Republic of India in 1961, the escudo was replaced by the Indian rupee.

Contents

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.

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.

References

Portuguese Indian escudo Wikipedia