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((Short description|Timorese currency (1959-1976)))
((More citations needed|date=September 2013))
((Infobox currency
| local_name = escudo timorense 
| local_name_lang = pt
| image_1 = Timorescudo2.jpg
| image_title_1 = Last mintage (1970)
| iso_code = TPE
| iso_comment = Obsolete per ISO 4217: 2002-11
| using_countries = [[Portuguese Timor]]
| subunit_ratio_1 = ((frac|1|100))
| subunit_name_1 = [[centavo]]
| used_coins =  10, 20, 50 centavos, 1, ((frac|2|1|2)), 5 and 10 escudos
| used_banknotes = 20, 50, 100, 500 and 1000 escudos
| issuing_authority = [[Banco Nacional Ultramarino]]
| obsolete = yes
))

The '''escudo''' was the currency of [[Portuguese Timor]] between 1959 and 1976. It replaced the [[Portuguese Timorese pataca|pataca]] at a rate of 5.6 escudos = 1 pataca and was equivalent to the [[Portuguese escudo]]. It was replaced by the [[Indonesian rupiah]] at an unknown exchange rate following [[East Timor|East Timor's]] occupation by [[Indonesia]]. The escudo was subdivided into  100 ''centavos''.

[[East Timor]] (formerly Portuguese Timor) now uses the [[United States dollar]] [[banknote]]s and has its own [[East Timor centavo coins|coins]] in circulation.

==Coins==
The first coins issued, dated 1958, were in denominations of 10, 30 and 60 centavos, 1, 3 and 6 escudos. The unusual denominations (see also the banknotes, below) may have been due to the exchange rate from the previous currency. The 10 and 30 centavos were struck in bronze, the 60 centavos and 1 escudo in cupro-nickel, and the 3 and 6 escudos in silver. In 1964, a silver 10 escudos was introduced, followed, in 1970, by more conventional denominations of 20 and 50 centavos, 1, ((frac|2|1|2)), 5 and 10 escudos. The 20 and 50 centavos and 1 escudo were struck in bronze, with the higher denominations struck in cupro-nickel.

==Banknotes==
The first banknotes, dated 1959, were in denominations of 30, 60, 100 and 500 escudos. In 1967, 20 and 50 escudos notes were introduced, followed by 1000 escudos in 1968. All paper money was issued by the [[Banco Nacional Ultramarino]].

==See also==
((Portal|Money|Numismatics))
*[[Cifrão]]

==References==
((refbegin))
*((numis cite SCWC|date=1991))
*((numis cite SCWPM|date=1994))
((refend))

((Escudo))

[[Category:Currencies of East Timor]]
[[Category:Economy of East Timor]]
[[Category:Portuguese Timor]]
[[Category:Modern obsolete currencies]]
[[Category:Economic history of Portugal]]
[[Category:1959 establishments in Portuguese Timor]]
[[Category:1976 disestablishments]]
[[Category:Escudo]]

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