Portuguese Indian escudo

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.

Portuguese Indian escudo
Escudo da Índia Portuguesa
1 Escudo (1959)
Denominations
Subunit
 1/100centavo
Banknotes30, 60, 100, 300, 600, 1000 escudos
Coins10, 30, 60 centavos, 1, 3, 6 escudos
Demographics
User(s) Portuguese India
Issuance
Issuing authorityBanco Nacional Ultramarino
Valuation
Pegged withPortuguese escudo
This infobox shows the latest status before this currency was rendered obsolete.

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. 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.

ImageValueMain colourDescription
ObverseReverseObverseReverse
30 escudosRedAfonso de AlbuquerqueAfonso de Albuquerque and ships
60 escudosViolet
100 escudosBlue
300 escudosRed
600 escudosGreen
1000 escudosBrown-green

References
  • 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.


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