Synonymer & Information om | Engelska ordet PATACA

Timor-Leste adopted the Portuguese Timorese escudo whilst still a Portuguese colony, having earlier used the Portuguese Timor pataca.
In 1935, when Hong Kong and China abandoned the silver standard, the Hong Kong unit was pegged to sterling at a rate of 1 shilling and 3 pence, while the Macau pataca was pegged to the Portuguese escudo at a rate of MOP 1 = Esc 5$50.
The bank continues operations today under the Banco Nacional Ultramarino brand in Macau, a Chinese special administrative region and former Portuguese colony, where it is also licensed to issue Macanese pataca banknotes.
5 escudos = 1 pataca (changed to 5 escudos = 1 pataca in 1949) and fractional coins denominated in avos (100 avos = 1 pataca) were issued for the first time.
After the Battle of Timor, the Japanese decreed, through their "Edital of 24 February 1942", that the guilder also circulate in Portuguese Timor, replacing the Timorese pataca.

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