The escudo was the currency of

Portuguese India The State of India ( pt, Estado da Índia), also referred as the Portuguese State of India (''Estado Português da Índia'', EPI) or simply Portuguese India (), was a state of the Portuguese Empire founded six years after the discovery of a s ...

between 1958 and 1961. It was subdivided into 100 '' centavos'' and was equal in value to the Portuguese escudo. After

was annexed by the Republic of India in 1961, the escudo was replaced by the

Indian rupee The Indian rupee (symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 '' paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use wher ...

History

The escudo replaced the

rupia Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, B ...

at the rate of 1 rupia = 6 escudos. This was due to the respective values of the

(to which the rupia was pegged) and the Portuguese escudo, with 1 rupee = 1s. 6d. stg and 1 escudo = 3d.

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.

References

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External links

System Portuguese Indian escudo - Banknotes

Indo-Portuguese Issues
{{Authority control Portuguese India Modern obsolete currencies Historical currencies of India Economic history of Portugal 1958 establishments in Portuguese India 1961 disestablishments in Portuguese India Escudo