page_title: Portuguese Timor
section_title: Currency
hierarchical_section_title: Portuguese Timor / Currency
caption_attribution_description: English: East Timor escudo coinage 1970.
context_page_description: Portuguese Timor refers to East Timor during the historic period when it was a Portuguese colony that existed between 1702 and 1975. During most of this period, Portugal shared the island of Timor with the Dutch East Indies.
  The first Europeans to arrive in the region were the Portuguese in 1515. Dominican friars established a presence on the island in 1556, and the territory was declared a Portuguese colony in 1702. Following the beginning of a Lisbon-instigated decolonisation process in 1975, East Timor was invaded by Indonesia. However, the invasion was not recognized as legitimate by the United Nations, which continued to regard Portugal as the legal Administering Power of East Timor. The independence of East Timor was finally achieved in 2002 following a UN-administered transition period.
context_section_description: The first Timorese currency was the Portuguese Timorese pataca, introduced in 1894.
  From 1959, the Portuguese Timorese escudo - linked to the Portuguese escudo - was used.
  In 1975, the currency ceased to exist as East Timor was annexed by Indonesia and began using the Indonesian rupiah.
caption: Portuguese Timor 20 Escudos 1967
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