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Encyclopedia > Penang dollar

The dollar was the currency of Penang between 1786 and 1826. It was subdivided into 100 cents, also called pice, and was equal to the Spanish dollar. The dollar was introduced after the East India Company acquired the island in 1786. In 1826, the Indian rupee was declared legal tender in Penang at a value of 48 pice. The dollar again became the currency of Penang with the introduction of the Straits dollar. State motto: Bersatu dan Setia (United and Loyal) State anthem: Untuk Negeri Kita (For Our State) Capital George Town Ruling party Barisan Nasional  - Yang Di-Pertua Negeri Abdul Rahman bin Haji Abbas  - Ketua Menteri Dr Koh Tsu Koon History    - Ceded by Kedah to British 11 August 1786   - Japanese occupation 1942... Look up centi- in Wiktionary, the free dictionary For the numerical prefix centi- see Wiktionary. ... The Spanish dollar or peso (literally, weight) is a silver coin that was minted in the Spanish Empire after a Spanish currency reform in 1497. ... The British East India Company, sometimes referred to as John Company, was one of the first joint-stock companies. ... ISO 4217 Code INR User(s) India Inflation 5. ... The Straits dollar was the currency used in the British colonies and protectorates in Malaya and Borneo, including the Straits Settlements. ...


Between 1786 and 1788, coins were issued in denominations of 110, ½ and 1 cent (copper), 110, ¼ and ½ dollar (silver). Large, tin 1 cent coins were issued between 1800 and 1809, followed by copper ½ and 1 cent in 1810. In 1826, copper ½, 1 and 2 cents coins were issued which were also minted in 1828, after the dollar had been replaced by the rupee.


 
 

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