PORTUGUESE INDIA BANK NOTES (1510–1961 )

Indo Portuguese Notes

HISTORY: 

The Portuguese ruled india from 1510 to 1961.

The territory of Goa in western India was seized in 1510. The Portuguese enjoyed virtual monopoly of trade with India for more than a century till the arrival of the Dutch and the English. They, however, retained the territories of Goa, Daman and Diu till 1961. The first Indo-Portuguese issues of paper currency were the 'Rupia' denominated notes put into circulation around 1883. These notes incorporated the portrait of the King of Portugal. These were issued in denominations of 5,10,20,50,100 and 500. In 1906, 'Banco Nacional Ultramarino' was entrusted with the responsibility of issue of paper money in India for the Portuguese held territories. The early notes issued by the bank carried the seal of the bank. New denominations of 4 Tangas, 8 Tangas and One Rupia and 21/2 Rupias were introduced in 1917. Most issues carried the Commerce and Sailing Ships motifs common to many colonial issues. Indian symbols and motifs (architectural and exotic fauna) were adopted on some notes. Later notes carried the portrait of Afonso De Albuquerque. The monetary system in Goa consisted of the Reis, the Tanga and the Rupia with one Rupia consisting of 16 Tangas.

The 1917 Issues (4 & 8 Tangas) 

The Rupaiah Issue -1945 

All these notes are cancelled by the Banks and are punched its very difficult to see an un punched notes in this series. 

The following denominations was issued 1-5-10-20-50-100 & 500.

 

The Escudo Issue -1959