Salt Spring dollar

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Salt Spring dollar
Denominations
Symbol$$
Banknotes
 Freq. used$$1, $$2, $$5, $$10, $$20, $$50
 Rarely used$$100
Demographics
User(s) Canada (Saltspring Island)
Issuance
Central bankSalt Spring Island Monetary Foundation
 Websitewww.saltspringdollars.com
PrinterAdler Tech International
MintLasqueti Mint
 Websitewww.lqmint.com
Valuation
Pegged withCanadian dollar

The Salt Spring Dollar is a local currency issued by the Salt Spring Island Monetary Foundation to promote local history, art and goodwill on Salt Spring Island, British Columbia, Canada.

History[edit]

Roundtable discussions of the Sustainable Salt Spring Island Coalition examined the possible establishment of a local currency in the fall of 2000. In July 2001, the Salt Spring Island Monetary Foundation was established and registered with the Province of British Columbia. The currency was first issued in September 2001. In 2006, the Spring Island Monetary Foundation began planning their first silver coin edition. The first coins were minted and issued in December 2007.

Currency[edit]

Bills were, and still are, issued in $$1, $$2, $$5, $$10, $$20, $$50, and $$100 denominations. Each bears the image of a distinct figure from Salt Spring history, such as Henry Wright Bullock ($$1 bill), Matilda Naukana Harris ($$2 bill), and Sylvia Stark ($$5 bill). Along with the figure is a quote by Albert Einstein: "How I wish that somewhere there existed an Island for those who are wise and of good will! In such a place even I would be an ardent patriot." In the centres are landscape shots of various locations on the island. The reverse of the bills feature paintings from local artists including Robert Bateman.

The Salt Spring Dollar is exchanged at par with the Canadian dollar, and used at most businesses throughout the island. They were given the distinct symbol $$, to denote Salt Spring Island Issued. The Salt Spring Island Monetary Foundation backs the currency with Canadian dollars.

Sources[edit]