50 Centavos

Timor-Leste's 2003 coin series was among the first sovereign coinage issued after independence in May 2002, making these among the youngest national coin programs in the world at the time. The country had used Indonesian rupiah through the occupation years, then briefly operated on a patchwork of foreign currencies and UN-administered systems before the U.S. dollar was adopted as official currency — meaning these centavo coins function as fractional denominations of a foreign nation's money, a practical arrangement that has persisted.