British North Borneo dollar

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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[edit]

British North Borneo Company banknote of 1940

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[edit]

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 lifetime. However, their physical sizes tend to shrink over time. They either show the coat of arms, Mount Kinabalu, or both.

See also[edit]

References[edit]

External links[edit]

pre-WWII
Preceded by:
No modern predecessor
Currency of British North Borneo
1882 – 1942
Note: had been at par with Straits dollar, and Malayan dollar after 1939
Succeeded by:
Japanese government-issued dollar
Location: present day Malaysia, Singapore, Brunei
Reason: Japanese occupation
Ratio: at par
Note: The Japanese allowed the former currencies to circulate, but they were in practice hoarded as a more reliable store of value.
post-WWII
Preceded by:
Japanese government-issued dollar
Location: present day Malaysia, Singapore, Brunei
Reason: Japan lost World War II
Ratio: The occupation currency became worthless. The value of the pre-occupation currency was restored.
Currency of British North Borneo
1945 – 1953
Note: had been at par with Malayan dollar
Succeeded by:
Malaya and British Borneo dollar
Reason: creation of a common Board of Commissioners of Currency
Ratio: at par, or 60 dollars = 7 British pounds