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Portuguese Timorese pataca: Wikis

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Portuguese Timorese pataca
Pataca timorense (Portuguese)
User(s) Portuguese Timor
Subunit
1/100 avo
Coins 10, 20, 50 avos
Banknotes 5, 10, 50 avos, 1, 5, 10, 50, 100 patacas
Central bank Banco Nacional Ultramarino
This infobox shows the latest status before this currency was rendered obsolete.

The pataca was the currency of Portuguese Timor between 1894 and 1959, except for the period 1942-1945, when the occupying Japanese introduced the Netherlands Indies gulden and roepiah. It was equal in value to the Macanese pataca and was subdivided into 100 avos.

Contents

History

Initially, Macanese coins and notes were used. These were supplemented from 1912 by locally issued banknotes of the Banco Nacional Ultramarino, although no coins were issued specifically for Timor until 1945. Upon introduction, the pataca was equal to the silver Mexican peso. It was replaced by Japanese issues of the Netherlands Indies gulden in 1942 and par. When the pataca was reintroduced, it was pegged to the Portuguese escudo at a rate of 5.5 escudos = 1 pataca. This rate was changed to 5 in 1949. However, when the pataca was replaced by the escudo in 1956, the rate of 1 pataca = 5.6 escudos was used.

Coins

In 1945, bronze 10 avos, nickel-bronze 20 avos and silver 50 avos coins were introduced. The sizes of these coins matched those of the Portuguese 20 centavos and 1 and 2½ escudos. Coins were issued until 1951.

Banknotes

In 1912, the Banco Nacional Ultramarino introduced notes (dated 1910) in denominations of 1, 5, 10 and 20 patacas. 25 patacas notes from Macao also circulated. In 1940, 5, 10 and 50 avos notes were introduced. Some of these notes were overprints of Macanese notes, as were the 5, 25 and 100 patacas notes introduced in 1945. The same year, specific issues for Timor were introduced in denominations of 1, 5, 10, 20 and 25 patacas, followed by 20 avos in 1948.

See also

References

External links

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