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.[1] As of 2020, East Timor does not yet issue its own banknotes.

East Timor centavo coins
Centavo de Timor-Leste (Portuguese)
Doit Timór-Leste nian (Tetum)
Coin TL 10cent.PNG
Current Circulating Coins. The 10 centavos coin is larger than the U.S. dime.
Denominations
Superunit
 100dollar
Subunit
 0.01point
Banknotesnot yet issued1
Coins1, 5, 10, 25, 50, 100 and 200 centavos
Demographics
User(s) East Timor
(alongside the U.S. dollar)
Issuance
Central bankEast Timor
Valuation
Pegged withUnited 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
Coin TL 01cent.PNG 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
Coin TL 05cent.PNG 5 centavos 18.75 mm 4.1 g Rice plant, state title, year of emission
Coin TL 10cent.PNG 10 centavos 20.75 mm 5.2 g Fighting rooster, state title, year of emission
Coin TL 25cent.PNG 25 centavos 21.25 mm Nickel-brass 5.85 g Traditional fishing boat (beiro), state title, year of emission
Coins 50 Cent Timor-Leste.png 50 centavos 25 mm 6.5 g Coffee beans, state title, year of emission
Coins 100 Cent Timor-Leste.png 100 centavos 23.75 mm Nickel-brass ring with a cupronickel center plug 7.25 g Boaventura de Manufahi; state title, year of emission
200centavostl.jpg 200 centavos 25.5 mm Cupronickel ring with a brass center plug 8.46 g Water buffalo in rice paddy with Matebian background; state title, year of emission

See alsoEdit

ReferencesEdit

  1. ^ "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. 2017-09-13. Retrieved 2020-07-13.
  2. ^ Source: Banking and Payments Authority of East Timor's Public Instruction Number 01/2004 Concerning the Issuance and Use of Coins in Timor-Leste [1] Archived 2009-09-30 at the Wayback Machine
  3. ^ "Central Bank Issues 200 Centavos Coin". Banco Central de Timor-Leste. 2017-09-13. Retrieved 2018-01-25.

External linksEdit