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
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 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.