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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 ...
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' East Timor Central Bank '; Tetum: Banku Sentrál Timor Lorosa'e) is the central bank of East Timor located in its capital Dili. BCTL was formally established on 13 September 2011, replacing the Banking and Payments Authority of Timor-Leste (BPA) and the Central Payments Office. It is responsible for the monetary policy. The main functions: [2]
The escudo was the currency of Portuguese Timor between 1959 and 1976. It replaced the 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's occupation by Indonesia. The escudo was subdivided into 100 centavos.
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East Timor became an independent nation. 2005: East Timor joined the ASEAN Regional Forum, as a part of the country's bid for accession to ASEAN as a whole. 2006: 2006 East Timorese crisis: A national crisis that included a coup attempt swept the nation.
East Timor, [a] also known as Timor-Leste, [b] officially the Democratic Republic of Timor-Leste, is a country in Southeast Asia. It comprises the eastern half of the island of Timor , the exclave of Oecusse on the island's north-western half, and the minor islands of Atauro and Jaco .
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