Currency

East Timor centavo coins

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. As of 2022, East Timor does not yet issue its own banknotes.

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wikidata.org 0 views · 2024-12-26 21:23:41
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    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. As of 2022, East Timor does not yet issue its own banknotes.

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