East Timor centavo coins were introduced in East Timor in 2003 for use alongside United States dollar banknotes and coins, which were introduced in 2000 to replace the Indonesian rupiah following the commencement of U.N. administration. One centavo is equal to one U.S. cent. Coins issued for general circulation are in denominations of 1, 5, 10, 25 and 50 centavos and feature images of local plants and animals. In 2013 a 100 centavos coin was introduced followed by a 200 centavos coin in 2017. The higher value coins, equivalent to US$1 and US$2 respectively, were designed to reduce the expense of replacing low-denomination U.S. banknotes as they wear out.[1] As of 2024, East Timor does not yet issue its own banknotes.
| |
|---|---|
 Several East Timorese coins. | |
| Denominations | |
| Superunit | |
| 100 | United States dollar |
| Banknotes | not yet issued1 |
| Coins | 1, 5, 10, 25, 50, 100 and 200 centavos |
| Demographics | |
| User(s) |  East Timor(alongside the U.S. dollar) |
| Issuance | |
| Central bank | East Timor |
| Valuation | |
| Pegged with | United States dollar (at 1:100 ratio) |
1 East Timor also uses U.S. dollar notes. | |
The centavo coins are minted in Lisbon by the Imprensa Nacional-Casa da Moeda, the Portuguese national mint. Unlike coins issued for the Panamanian balboa or the Ecuadorian centavo, the East Timorese coins are not identical in size to their U.S. cent counterparts.
| East Timor centavo coins[2][3] | |||||||
|---|---|---|---|---|---|---|---|
| Image | Value | Technical parameters | Description | ||||
| Reverse | Obverse | Diameter | Composition | Weight | Reverse | Obverse | |
|
1 centavo | 17 mm | Nickel-coated steel | 3.1 g | Nautilus shell, state title, year of emission | Value, word centavo or centavos, kaibauk representation below value, tais pattern along border | |
|
5 centavos | 18.75 mm | 4.1 g | Rice plant, state title, year of emission | |||
|
10 centavos | 20.75 mm | 5.2 g | Fighting rooster, state title, year of emission | |||
|
25 centavos | 21.25 mm | Nickel-brass | 5.85 g | Traditional fishing boat (beiro), state title, year of emission | ||
|
50 centavos | 25 mm | 6.5 g | Coffee beans, state title, year of emission | |||
|
100 centavos | 23.75 mm | Nickel-brass ring with a cupronickel center plug | 7.25 g | Boaventura de Manufahi; state title, year of emission | ||
|
200 centavos | 25.5 mm | Cupronickel ring with a brass center plug | 8.46 g | Swamp buffalo in rice paddy with Matebian background; state title, year of emission | ||
See also
edit- Centavo – article about the use of centavos worldwide
- Economy of East Timor
References
edit- ^ "Timor-Leste com nova moeda de 200 centavos a circular no país a partir de hoje" [Timor-Leste has a new 200 centavos coin circulating in the country as of today]. Diário de Notícias (in Portuguese). Lisbon, Portugal. 13 September 2017. Retrieved 13 July 2020.
- ^ "Public Instruction Number 01/2004 Concerning the Issuance and Use of Coins in Timor-Leste" (PDF). Banking and Payments Authority of East Timor. Archived from the original (PDF) on 30 September 2009.
- ^ "Central Bank Issues 200 Centavos Coin". Banco Central de Timor-Leste. 13 September 2017. Retrieved 25 January 2018.
External links
edit
Media related to Coins of East Timor at Wikimedia Commons- Banking and Payments Authority of Timor-leste
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