CURRENCY

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| Currency | Centavos | Numismatic Coins | Campaign - Know Your Currency |

Currency

The official currency of Timor-Leste is the United States dollar , which is legal tender for all payments made in cash.

Since 10 November 2003 the Central Bank of Timor-Leste issues coins known as "centavos" minted especially to be used in the country. There are coins minted with dates from 2003 through 2006. There are no 1 "centavo" coins for 2006.

The centavos are equivalent in value to the United States cents, the conversion rate being 100 Timor centavos = 100 United States cents. 

Timor-Leste Coins: Centavos

Silver Coins
1, 5, 10 centavos	1, 5, 10 centavos
Golden Coins
25, 50 centavos	25, 50 centavos

Currency Legislation Law 20/2003 provides more  information about Timor-Leste currency

United States Dollars (link for BEP - US US Bureau of Engraving and Printing)

Counterfeit Currency and related penalties (link for site on USD counterfeits)

Timor-Leste Coins Design & Specification:

According to Public Instruction No. 01/2004 under Article 3.3 (centavo coins shall be minted according to the following specification):

 

Denomination	Diameter	Thickness	Metal	Weight
1 centavo	17mm	2.15mm	Nickel coated steel	3.1g
5 centavos	18.75mm	2.15mm	Nickel coated steel	4.1g
10 centavos	20.75mm	2.15mm	Nickel coated steel	5.2g
25 centavos	21.25mm	2,3mm	Nickel coated alloy	5.84g
50 centavos	25m	1.9mm	Nickel coated alloy	6.5g

Numismatic coins - Agencies

The minting of the Timorese coins (1, 5, 10, 25 and 50 centavos) for public circulation included the minting of numismatic sets for collectors for years 2003 to 2005. There are no numismatic sets for 2006..

These sets are produced in two types: high quality “Proof” coins (box) and carton packs of  “Brilliant Uncirculated” coins. In Timor-Leste all these sets are available at BCTL, selected banks, and other outlets .

Below: BNC (folder) and PROOF (wooden box) sets of 2003 and 2004 numismatic coins

INDEPENDENCE MEDALLION

The Independence Medallion is NOT used as currency . It is a souvenir of Timor-Leste Independence (20/May/2002) made from pure silver and available at BCTL for US$75.The numismatic coins are available for sale  in Timor-Leste at BCTL and its worldwide agent is INCM (the Portuguese Mint who minted the Timorese coins), including Online Sales

Campaign - Know Your Currency

Every day, the notes and coins continually circulate or change hands among the public. The public generally accepts and/ or passes them on as legal tender, without full knowledge if the currency is genuine. Those who fail to carefully examine the money they received are potentially victims of counterfeit currency. Read More...

Public Education Program (Damaged/Mutilated Currency)

Mutilated currency is a term used to describe currency which is very badly damaged, to the point where it is difficult to determine the value of the currency, or where it is not clear that at least half of the note is present. Common causes of damage are fire, water, chemicals, explosives, animals or damage from extended burying of the currency. Detail Information on damaged notes or mutilated currency can also be downloaded below;