Portuguese Indian escudo

Infobox Currency
iso_code =
using_countries = Portuguese India
image_1 =
image_title_1 =
inflation_rate =
inflation_source_date =
subunit_ratio_1 = 1/100
subunit_name_1 = centavo
symbol =
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 = YThe 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 rúpia at the rate of 1 rúpia = 6 escudos. This was due to the respective values of the Indian rupee (to which the rúpia was pegged) and the Portuguese escudo, with 1 rupee = 18 British pence and 1 escudo = 3 pence. After Portuguese India was merged with the Republic of India in 1961, the rúpia 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

*numis cite SCWC|date=1991
*numis cite SCWPM|date=1994

External links

Standard numismatics external links
world_coin_gallery_1_url = India
world_coin_gallery_1_name = Portuguese India
banknote_world_1_url = India
banknote_world_1_name = Portuguese India
dollarization_1_url =
dollarization_1_name =
gfd_1_url =
gfd_1_name =
gfd_data_1_url =
gfd_data_1_name =
show_gfd_excel = Y
* [http://www.rbi.org.in/scripts/pm_indoportuguese.aspx Indo-Portuguese Issues]