Portuguese Indian escudo

Portuguese Indian escudo
Escudo da Índia Portuguesa
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 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.

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 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.

In 1959, notes were introduced by the Banco Nacional Ultramarino in denominations of 30, 60, 100, 300, 600 and 1000 escudos.