British North Borneo dollar


British North Borneo dollar

The British North Borneo dollar was the currency of British North Borneo from 1882 to 1953. It was subdivided into 100 "cents". The dollar had remained at par with the Straits dollar (and its successor the Malayan dollar), the currency of Malaya and Singapore, at the value of one dollar to 2 shillings 4 pence sterling from its introduction until both currencies were replaced by the Malaya and British Borneo dollar in 1953. Both coins and banknotes are issued by the British North Borneo Company.

During the Japanese occupation period (1942-1945), paper money was issued in denominations ranging from 1 cent to 1000 dollars. This currency was fixed at 1 dollar = 1 Japanese yen, compared to a 1:2 pre-war rate. Following the war, the Japanese occupation currency was declared worthless and the previous issues of the British North Borneo dollar regained their value relative to sterling (two shillings four pence).

Coins

Throughout its history, coins were minted in values of ½ cent, 1 cent, 2½ cents, 5 cents, and 25 cents. Only the 25 cent coin contains precious metal.

Banknotes

Banknotes were printed in values of 25 cents, 50 cents, $1, $5, $10, and $25. The design of the banknotes did not change much during the currency's life time. However, their physical sizes tend to shrink over time. They either show the coat of arms, Mount Kinabalu, or both.

ee also

* Malayan dollar
* Sarawak dollar

References

*numis cite SCWPM | date=1960.8
*numis cite SCWC | date=2004

External links

* [http://www.globalfinancialdata.com/gh/GHC_Histories.xls Global Financial Data currency histories table]
* [http://users.erols.com/kurrency/asia.htm Tables of modern monetary history: Asia]


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