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Encyclopedia > Malayan dollar

The Malayan dollar was the currency of the British colonies and protectorates in Malaya and Borneo. It was introduced in 1939, replacing the Straits dollar at par. The Federation of Malaya, or in Malay Persekutuan Tanah Melayu, was formed in 1948 from the British settlements of Penang and Malacca and the nine Malay states and replaced the Malayan Union. ... Borneo and Sulawesi Borneo (politically divided between Indonesia, Malaysia and Brunei) is the third largest island in the world. ...


The Malayan dollar was issued by the Board of Commissioners of Currency, Malaya, until 1951, with a hiatus during the Japanese occupation (1942–1945). During this period, 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 Malayan dollar regained their value relative to sterling (two shillings four pence). Japanese 10 yen coin (obverse) showing Phoenix Hall of Byodoin Yen is the currency used in Japan. ... The shilling (or informally: bob) was an English coin first issued in 1548 for Henry VIII, although arguably the testoon issued about 1487 for Henry VII was the first English shilling. ... A variety of coins considered to be lower-value, including an Irish 2p piece and many US pennies. ...


In 1952 the board was renamed the Board of Commissioners of Currency, Malaya and British Borneo. The Board began issuing banknotes in the following year. Malayan banknotes ceased to bear the image of the Queen after 1959, with the independence of the Federation of Malaya, which joined with Singapore, Sarawak and British North Borneo in 1963 to form Malaysia, with Singapore becoming a separate country in 1965. The Federation of Malaya, or in Malay Persekutuan Tanah Melayu, was formed in 1948 from the British settlements of Penang and Malacca and the nine Malay states and replaced the Malayan Union. ... State motto: United, Industrious, Dedicated (Malay: Bersatu, Berusaha, Berbakti ) Capital Kuching Governor T.Y.T Tun Datuk Patinggi Abang Muhammad Salahuddin Chief Minister Y.A.B. Datuk Patinggi Tan Sri Haji Abdul Taib Bin Mahmud / Pehin Sri Dr. Hj. ... North Borneo was a British Protectorate and later Overseas Territory of the United Kingdom, situated in what is now the province of Sabah Malaysia. ...


In 1967, the Malayan dollar was replaced by three new currencies, the Malaysian ringgit, the Singaporean dollar and the Brunei dollar, all at par. The Board of Commissioners of Currency, Malaya and British Borneo, was finally wound up in 1979. The Malaysian ringgit (unofficially known as the Malaysian dollar), is the official monetary unit of Malaysia. ... The Brunei dollar (ISO 4217: BND) is pegged to the Singapore dollar at a 1:1 trade ratio. ...


When the pound sterling was devalued in November 1967, Malayan dollar banknotes (pegged at 2s 4d) lost 15% of their value but continued to be legal tender until 1969, at the reduced value of 85 Malaysian, Singaporean or Brunei cents per Malayan dollar. Notes issued in the new currencies were not devalued. This led to a general strike, or hartal, and riots in Penang. The pound sterling is the official currency of the United Kingdom (UK). ... Hartal is an Indian term for strike action, used often during the Indian independence movement. ... State motto: Bersatu dan Setia (United and Loyal), formerly Let Penang Lead Capital George Town Governor Tun Dato Seri Haji Abdul Rahman bin Haji Abbas Chief Minister Tan Sri Dr Koh Tsu Koon Area 1,056 km2 Population  - Est year 2000 1,225,501 State anthem Untuk Negeri Kita (For...


 
 

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