200 Centavos

Timor-Leste adopted the US dollar as its official currency upon independence in 2002, making its own centavo coins a curiosity — legally denominated fractions of a dollar, yet the dollar itself is the dominant transactional unit. The 200 centavos piece sits at two US dollars in face value, which creates an odd redundancy with the paper notes it nominally parallels.

The Banco Central de Timor-Leste was only established in 2011, nearly a decade after independence, meaning the country operated through transitional monetary arrangements for years before having a proper central bank to authorize issues like this one.