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Encyclopedia > Straits dollar

The Straits dollar was the currency used in the British colonies and protectorates in Malaya and Borneo, including the Straits Settlements until 1939. Map of Peninsular Malaysia Peninsular Malaysia (Malay: Semenanjung Malaysia) is the part of Malaysia which lies on the Malay Peninsula, and shares a land border with Thailand in the north. ... It has been suggested that this article or section be merged with Kalimantan. ... The Straits Settlements were a collection of territories of the British East India Company in Southeast Asia, which were given collective administration in 1826. ... Year 1939 (MCMXXXIX) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar. ...

Contents

History

In the early nineteenth century, the most common currency used in the East Indies was the Spanish dollar, including issues both from Spain and from the Spanish colonies, most significantly Mexico. Locally issued coinages included the Kelantan and Trengganu keping, and the Penang dollar. 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 keping was the currency of Kelantan until 1909 when it was replaced by the Straits dollar. ... The keping was the currency of Trengganu until 1909 when it was replaced by the Straits dollar. ... The dollar was the currency of Penang between 1786 and 1826. ...


In 1837, the Indian rupee was made the sole official currency in the Straits Settlements, as it was administered as part of India. However, Spanish dollars continued to circulate and 1845 saw the introduction of coinage for the Straits Settlements using a system of 100 cents = 1 dollar, with the dollar equal to the Spanish dollar or Mexican peso. In 1867, administration of the Straits Settlements was separated from India and the dollar was made the standard currency. ISO 4217 Code INR User(s) India, Bhutan Inflation 5. ... ISO 4217 Code MXN User(s) Mexico Inflation 3. ...


From 1898, the Straits dollar was issued by a new Board of Commissioners of Currency and private banks were prevented from issuing notes. Its value depreciated over the next eight years and was then pegged at two shillings four pence sterling in 1906. Before decimalisation in 1971, a shilling had a value of 12d (old pence), and was equal to 1/20th of a pound: there were 240 (old) pence to the pound. ... Above: A variety of coins considered to be lower-value, including an Irish 2p piece and many US pennies. ... “GBP” redirects here. ...


The Straits dollar was replaced at par by the Malayan dollar in 1939. The Malayan dollar was the currency of the British colonies and protectorates in Malaya and Borneo. ...


Coins

The first coins issued for the Straits Settlements in 1845 were ¼, ½ and 1 cent denominations in copper. They were issued by the East India Company and did not bear any indication of where they were to be used. A second issue of the same denominations was produced in 1862 by the government of British India. These bore the inscription "India - Straits". 1845 was a common year starting on Wednesday (see link for calendar). ... The British East India Company, sometimes referred to as John Company, was the first joint-stock company (the Dutch East India Company was the first to issue public stock). ...


In 1871, silver coins were issued in the name of the Straits Settlements for 5, 10 and 20 cents, followed by copper ¼, ½ and 1 cent the next year and silver 50 cents in 1886. Silver dollars were introduced in 1903. As a consequence of the depreciation in the dollar's value, the silver content of the coinage was reduced from 1907. The last ¼ cent coins were issued in 1916. Dollars were last struck for circulation in 1920, with 50 cents production ending in 1921. The remaining coins continued in production until 1935.


Banknotes

The Board of Commissioners of Currency introduced 5 and 10 dollars notes in 1898, followed by 50 and 100 dollars in 1901 and 1 dollar in 1906. Emergency issues of 10 and 25 cents were made between 1917 and 1920. 1000 dollars notes were issued in 1930 but during the 1930s only 1, 5 and 10 dollars notes were issued. 1920 (MCMXX) was a leap year starting on Thursday. ...


Straits Settlements government issues (1899 - 1942)

Queen Victoria (1837 - 1901) Victoria (Alexandrina Victoria; 24 May 1819 – 22 January 1901) was the Queen of the United Kingdom of Great Britain and Ireland from 20 June 1837, and the first Empress of India from 1 May 1876, until her death on 22 January 1901. ... Queen Victoria, Queen of the United Kingdom (1837 - 1901) 1837 (MDCCCXXXVII) was a common year starting on Sunday (see link for calendar). ... Year 1901 (MCMI) was a common year starting on Tuesday (link will display calendar) of the Gregorian calendar (or a common year starting on Monday [1] of the 13-day-slower Julian calendar). ...


The Government of Straits Settlements, was first authorised to issue currency notes by Ordinance VIII of 1897, which came into operation on 31 August 1898. These notes, although dated 1 September 1898, were not issued to the public until 1 May 1899. Both the Chartered Bank and Hong Kong and Shanghai Bank continued to issue banknotes, which circulated side by side with the official currency. All notes were freely exchangable with the Mexican dollar or the various other silver coins that were legal tender in the Colony. The Straits Settlements were a collection of territories of the British East India Company in Southeast Asia, which were given collective administration in 1826. ... is the 243rd day of the year (244th in leap years) in the Gregorian calendar. ... Year 1898 (MDCCCXCVIII) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Monday of the 12-day-slower Julian calendar). ... September 1 is the 244th day of the year (245th in leap years). ... Year 1898 (MDCCCXCVIII) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Monday of the 12-day-slower Julian calendar). ... is the 121st day of the year (122nd in leap years) in the Gregorian calendar. ... Year 1899 (MDCCCXCIX) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Friday [1] of the 12-day-slower Julian calendar). ... Standard Chartered Bank (LSE: STAN, SEHK: 2888) is a British bank headquartered in London with operations in more than fifty countries. ... HSBC logo HSBC Holdings PLC (NYSE: HBC), (LSE: HSBA) , (HKSE: 005) , (Euronext: HSBC) , is one of the largest banking groups in the world. ...


King Edward VII (1901 - 1910) Year 1901 (MCMI) was a common year starting on Tuesday (link will display calendar) of the Gregorian calendar (or a common year starting on Monday [1] of the 13-day-slower Julian calendar). ... Year 1910 (MCMX) was a common year starting on Saturday (link will display calendar) of the Gregorian calendar (or a common year starting on Friday [1] of the 13-day-slower Julian calendar). ...


King Edward ascended the throne in January 1901. In the previous issue the 5-dollar note had been of almost the same size and design as the 10-dollar. To make recognition more simple it was reduced in size. The series dated 1 February 1901 were printed by Thomas de la Rue & Co. Ltd. of London. Edward VII (Albert Edward; 9 November 1841 – 6 May 1910) was King of the United Kingdom of Great Britain and Ireland, King of the Commonwealth Realms, and the Emperor of India. ... is the 32nd day of the year in the Gregorian calendar. ... Year 1901 (MCMI) was a common year starting on Tuesday (link will display calendar) of the Gregorian calendar (or a common year starting on Monday [1] of the 13-day-slower Julian calendar). ... De La Rue is a British commercial printer and paper maker headquartered in Basingstoke, Hampshire. ... This article is about the capital of England and the United Kingdom. ...


In 1903, a dollar-sized coin in silver was minted specially for the Straits Settlements, and this became the standard unit of value. All other silver dollars at that time circulation were demonetized by 1904. A step rise in the price of silver, however, soon forced the government to call int the first issue of this Straits dollar and to replace it with a coin of lower silver content. 1900 (MCMIII) was a common year starting on Thursday (link will display calendar) of the Gregorian calendar or a common year starting on Friday of the 13-day slower Julian calendar. ... The Straits Settlements were a collection of territories of the British East India Company in Southeast Asia, which were given collective administration in 1826. ... 1904 (MCMIV) was a leap year starting on a Friday (see link for calendar). ...


During the change over period, fear of a shortage of coin led to the introduction of the one-dollar note, fixed at an exchange rate against gold instead of silver. To effect this, the British gold sovereign was for the first time declared legal tender, and the Straits dollar was given an arbitrary value of two shillings and four pence sterling. This dollar note proved so popular that it was retained in all future issues, so that to a very large extent it replaced the need for the silver coin. Three Gold Sovereigns with a Krugerrand A Gold Sovereign is a gold coin first issued in 1489 for Henry VII of England and still in production as of 2006 [1]. The coin generally has a value of one pound sterling. ...


By the end of 1906, the currency circulation had risen to $21,866,142, while that of the private banks had fallen to $1,329,052 (20th Century Impressions of British Malaya p.138). The one-dollar notes, which were dated 1 September 1906, were printed by the London firm of Thomas de la Rue & Co. Ltd.. A five-dollar and a ten-dollar none both dated 8 June 1909, were printed Thomas de la Rue & Co. Ltd.. This article is about the capital of England and the United Kingdom. ... De La Rue is a British commercial printer and paper maker headquartered in Basingstoke, Hampshire. ... is the 159th day of the year (160th in leap years) in the Gregorian calendar. ... Year 1909 (MCMIX) was a common year starting on Friday (link will display full calendar) of the Gregorian calendar (or a common year starting on Thursday of the 13-day-slower Julian calendar). ... De La Rue is a British commercial printer and paper maker headquartered in Basingstoke, Hampshire. ...


King George V (1910 - 1936) George V (George Frederick Ernest Albert; 3 June 1865 – 20 January 1936) was the first British monarch belonging to the House of Windsor, which he created from the British branch of the German House of Saxe-Coburg-Gotha. ... Year 1910 (MCMX) was a common year starting on Saturday (link will display calendar) of the Gregorian calendar (or a common year starting on Friday [1] of the 13-day-slower Julian calendar). ... 1936 (MCMXXXVI) was a leap year starting on Wednesday (link will take you to calendar). ...


During this reign the range of currency notes was extended up to one thousand dollars for the convenience of inter-bank clearing transactions. In 1915, it was decided to make a complete change in the design of the 50, 100 and 1000 dollar notes. These denominations were first issued to the public in February 1920, October 1919 and May 1917 respectively. They were printed by Thomas de la Rue. A 10,000 note was first issued in October 1922. This was not available to the public, but was used exclusively in inter-bank transfers. Year 1915 (MCMXV) was a common year starting on Friday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Thursday[1] of the 13-day-slower Julian calendar). ... De La Rue is a British commercial printer and paper maker headquartered in Basingstoke, Hampshire. ...


King Edward VIII (1936) Edward VIII (Edward Albert Christian George Andrew Patrick David; later The Prince Edward, Duke of Windsor; 23 June 1894 – 28 May 1972) was King of Great Britain, Ireland, the British Dominions beyond the Seas, and Emperor of India from the death of his father, George V (1910–36), on 20... 1936 (MCMXXXVI) was a leap year starting on Wednesday (link will take you to calendar). ...


No special issue of notes was made during this brief reign.


King George VI (1936 - 1952) George VI (Albert Frederick Arthur George; 14 December 1895 – 6 February 1952) was King of the United Kingdom and the British Dominions from 11 December 1936 until his death. ... 1936 (MCMXXXVI) was a leap year starting on Wednesday (link will take you to calendar). ... 1952 (MCMLII) was a Leap year starting on Tuesday (link will take you to calendar). ...


In September 1933, Sir Basil Blackett was appointed by the Secretary of State for the Colonies to lead a commission to consider the participation of the various Malay States, including Brunei, in the profits and liabilities of the Straits Settlements currency. The Blackett Report recommended that the sole power of issuing currency for the area should be entrusted to a pan-Malayan Currency Commission. This recommendation wa adopted by the Government of the Straits Settlements, the Federated Malay States, Unfederated Malay States and Brunei. Legislation was enacted by the Straits Settlements Currency Ordinance (No. 23) of 1938, and ratified by the various states during 1939. The Secretary of State for the Colonies or Colonial Secretary was the British Cabinet official in charge of managing the various British colonies. ... The Malay states are a group of nine states of Malaysia (all located in West Malaysia) which have hereditary Rulers. ... The Straits Settlements were a collection of territories of the British East India Company in Southeast Asia, which were given collective administration in 1826. ... The Federated Malay States (FMS) was a federation of four states on the Malay Peninsula - Pahang, Perak, Selangor, and Negeri Sembilan - established by the British government in 1895, and lasted until 1946, when they together with the Straits Settlements and the Unfederated Malay States formed the Malayan Union. ... The Unfederated Malay States were five Malay states, namely Johore Terengganu Kelantan Kedah Perlis Together the states were not a single entity but merely a category to describe those states which were not Federated Malay States or Straits Settlements. ...


Out of 27,000,000 one dollar notes and 5,600,000 five dollar notes of the same series despatched to Malaya before the Japanese invasion; 25,800,000 one dollar notes and 5,000,000 five dollar notes actually arrived. Of the remainder, 700,000 one dollar notes and 500,000 five dollar notes were seized by the Germans when one of their raiders captured the SS Automedon; and further 500,000 one dollar notes and 100,000 five dollar notes were lost when the carrying ship, the SS Eumanes, was sunk.


None of these notes were ever put into circulation by the Straits Settlement Government, so that at the time of Japanese invasion they were still held in treasury vaults in Singapore and Penang. 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...


When Penang was evacuated in December 1941, 600,000 one dollar notes and 100,000 five dollar notes were abandoned in the treasury, where they fell into the hands of the Japanese. In Singapore, 4,200,000 one dollar and 1,000,000 five dollar notes were destroyed, and 21,000,000 one dollar notes and 3,900,000 five dollar notes shipped to India for safety. 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...


When British foces reoccupied Singapore in September 1945, they found found all the abandoned notes of this series, except for the one bundle of one thousand of the notes captured in Penang, in the vaults of the Japanese sub-tresury. 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...


All stocks were destroyed in 1946, as it was feared that the notes from the captured ship might have been handed over by the Germans to their Japanese allies, and were being hoarded in bulk, ready to be passed into circulation when the notes became current. There are no evidence that these notes ever reached Malaya. All the notes were signed by L.G. Corney, the Chairman of the Board of the Commissioners of Currency. Map of Peninsular Malaysia Peninsular Malaysia (Malay: Semenanjung Malaysia) is the part of Malaysia which lies on the Malay Peninsula, and shares a land border with Thailand in the north. ...


British Military Administration in Malaya (1945 - 1946)

British forces landed at Penang on 3 September 1945 and at Singapore on 5 September 1945 and gradually reoccupied the whole Malaya. Until 1 April 1946, the country's finances were administrated by the department of the Controller of Finance and Accounts of the Army Pay Corps, and currency was put into circulation against payment in sterling by the War Office to the account of the Board of Commissioners of Currency Malaya. 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... is the 246th day of the year (247th in leap years) in the Gregorian calendar. ... Year 1945 (MCMXLV) was a common year starting on Monday (link will display the full calendar). ... is the 248th day of the year (249th in leap years) in the Gregorian calendar. ... Year 1945 (MCMXLV) was a common year starting on Monday (link will display the full calendar). ... Map of Peninsular Malaysia Peninsular Malaysia (Malay: Semenanjung Malaysia) is the part of Malaysia which lies on the Malay Peninsula, and shares a land border with Thailand in the north. ... is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... Year 1946 (MCMXLVI) was a common year starting on Tuesday (link will display full 1946 calendar) of the Gregorian calendar. ... Old War Office Building, seen from Whitehall, London - the former location of the War Office The War Office was a former department of the British Government, responsible for the administration of the British Army between the 17th century and 1963, when its functions were transferred to the Ministry of Defence. ...


It was decided that no value whatever should be accorded the Japanese 'banana' money then in circulation, as it had been estimated that during the three and a half years occupation the Japanese had issued a minimum of 4,000 million dollars worth of currency against a normal 1941 circulation of about 220 million (Donnison p.223). The pay service made available currency notes from 1 cent to 10,000 dollars which had been printed in Britain either before, or during, the occupation but had not previously been sent to Malaya. In addition, the 1940 ten dollars note issued by the Board of Commissioners of Currency Malaya and the old Straits Settlements notes, with the exception of denominations of 1,000 or 10,000 dollars and 10 and 25 cents, were declared legal tender. These old notes were gradually withdrawn, however, as the new issue became adequate for the country's needs. Map of Peninsular Malaysia Peninsular Malaysia (Malay: Semenanjung Malaysia) is the part of Malaysia which lies on the Malay Peninsula, and shares a land border with Thailand in the north. ... The Straits Settlements were a collection of territories of the British East India Company in Southeast Asia, which were given collective administration in 1826. ...


The notes of this series from 1 cent to 10 dollars were dated 1 July 1941, those of 50, 100 and 1,000 dollars 1 January 1942, while the 10,000 dollars notes were signed and dated on the day of their issue. The Chairman for the Currency Board was H. Weisberg. The emergency issues of 1 cent with King George VI as the portrait was issued on 15 August 1940, designed and printed by the Survey Department (F.M.S.) in Kuala Lumpur with the controlled serial number. On 1 September 1940, also an emergency issues of 25 cents was designed and printed by the Survey Department with King George VI as the portrait. On 1 July 1941, a set of new regular issues, with the denomination of 1, 5, 10, 20 and 50 cents was printed by Thomas de la Rue & Co. Ltd., London with the portrait of King George VI. Also on the same date of 1 July 1941, the 1, 5 and 10 dollars notes were engraved and printed by Waterlow & Sons Ltd., London, and the higher denomination of 50, 100, 1000 and 10,000 dollars notes were printed by Bradbury, Wilkinson & Co. Ltd., Surrey, London. is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... For the movie, see 1941 (film). ... is the 1st day of the year in the Gregorian calendar. ... Year 1942 (MCMXLII) was a common year starting on Thursday (the link will display the full 1942 calendar) of the Gregorian calendar. ... George VI (Albert Frederick Arthur George) (December 14, 1895 - February 6, 1952) was the third British monarch of the House of Windsor, reigning from December 11, 1936 to February 6, 1952. ... is the 227th day of the year (228th in leap years) in the Gregorian calendar. ... Year 1940 (MCMXL) was a leap year starting on Monday (link will display the full 1940 calendar) of the Gregorian calendar. ... September 1 is the 244th day of the year (245th in leap years). ... Year 1940 (MCMXL) was a leap year starting on Monday (link will display the full 1940 calendar) of the Gregorian calendar. ... George VI (Albert Frederick Arthur George) (December 14, 1895 - February 6, 1952) was the third British monarch of the House of Windsor, reigning from December 11, 1936 to February 6, 1952. ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... For the movie, see 1941 (film). ... De La Rue is a British commercial printer and paper maker headquartered in Basingstoke, Hampshire. ... This article is about the capital of England and the United Kingdom. ... George VI (Albert Frederick Arthur George) (December 14, 1895 - February 6, 1952) was the third British monarch of the House of Windsor, reigning from December 11, 1936 to February 6, 1952. ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... For the movie, see 1941 (film). ... This article is about the capital of England and the United Kingdom. ... Bradbury Wilkinson & Co were an English engravers and printers of banknotes, postage stamps and share certificates. ... Not to be confused with Surry. ... This article is about the capital of England and the United Kingdom. ...


Civil Administration

Civil administration was restored on the 1 April 1946; and from the same date the Board of Commissioners of Currency Malaya, was reconstituted bt the authority or Ordinance No.4 of 1946 in Singapore and Ordinance No.5 of 1946 in the Malayan Union. The Board continued to operate in the same way as before the Japanese occupation. is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... Year 1946 (MCMXLVI) was a common year starting on Tuesday (link will display full 1946 calendar) of the Gregorian calendar. ... The Malayan Union was formed on April 1, 1946 by the British. ... Throughout much of the Second World War, British Malaya, North Borneo and Sarawak were under Japanese occupation. ...


All notes bearing dates prior to 1 July 1941, were demonetized on 31 August 1948. is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... For the movie, see 1941 (film). ... is the 243rd day of the year (244th in leap years) in the Gregorian calendar. ... Year 1948 (MCMXLVIII) was a leap year starting on Thursday (link will display the 1948 calendar) of the Gregorian calendar. ...


The Currency Ordinance No. 44 of 1952 of the Crown Colony of Singapore, No. 33 of 1951 of the Federation of Malaya, No. 10 of 1951 of the British North Borneo and No. 1 of 1951 of the Crown Colony of Sarawak implemented an agreement between those governments and the Sates of Brunei for the establishment of a Board of Commissioners of Currency to be the sole issuing authority in Malaya and British Borneo. This agreement became effective on 1 January 1952. The Board consisted of five members: 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. ... North Borneo was a British Protectorate and later Overseas Territory of the United Kingdom, situated in what is now the province of Sabah Malaysia. ... Map of Peninsular Malaysia Peninsular Malaysia (Malay: Semenanjung Malaysia) is the part of Malaysia which lies on the Malay Peninsula, and shares a land border with Thailand in the north. ... British Borneo means the two parts of the island of Borneo presently part (alongside the nine hereditary monarchies on the Malay peninsula) of the federation of Malaysia, during the British colonial rule: Labuan (1846-1963) and what was called North Borneo (now Sabah). ... is the 1st day of the year in the Gregorian calendar. ... 1952 (MCMLII) was a Leap year starting on Tuesday (link will take you to calendar). ...

  1. Financial Secretary of Singapore
  2. Minister of Finance for the Federation of Malaya
  3. Governor of Sarawak
  4. Governor of British North Borneo
  5. British Resident of Brunei

and two further appointed by agreement of the participating governments. The Chairman was the Financial Secretary of Singapore. 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: Bersatu, Berusaha, Berbakti State anthem: Ibu Pertiwiku Capital Kuching Ruling party Barisan Nasional  - Yang di-Pertua Negeri Abang Muhammad Salahuddin  - Ketua Menteri Abdul Taib Mahmud History    - Brunei Sultanate 19th century   - Brooke dynasty 1841   - Japanese occupation 1941-1945   - British control 1946   - Accession into Malaysia 1963  Area  - Total 124,450... North Borneo was a British Protectorate and later Overseas Territory of the United Kingdom, situated in what is now the province of Sabah Malaysia. ...


References

  • Emerson, Rupert, 1964,Malaysia A Study in Direct and Indirect Rule, Macmillan Company
  • Shaw, William, 1971, Paper Currency of Malaysia, Singapore and Brunei (1849 - 1970), Museum Department of States of Malaya

See also


  Results from FactBites:
 
Straits dollar - Wikipedia, the free encyclopedia (219 words)
The Straits dollar was the currency used in the British colonies and protectorates in Malaya and Borneo, including the Straits Settlements.
However, Spanish dollars continued to circulate and 1845 saw the introduction of coinage for the Straits Settlements using a system of 100 cents = 1 dollar, with the dollar equal to the Spanish dollar or Mexican peso.
In 1867, administration of the Straits Settlements was separated from India and the dollar was made the standard currency.
Malayan dollar - Wikipedia, the free encyclopedia (275 words)
The Malayan dollar was the currency of the British colonies and protectorates in Malaya and Brunei until 1953.
The Malayan dollar was issued by the Board of Commissioners of Currency, Malaya, with a hiatus during the Japanese occupation (1942–1945).
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).
  More results at FactBites »

 
 

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