Malaya and British Borneo dollar
From Wikipedia, the free encyclopedia
The Malaya and British Borneo dollar was the currency of Malaya, Singapore, Sarawak, British North Borneo and Brunei from 1953 to 1967. Malaya continued to use this currency after independence in 1957 and the formation of Malaysia in 1963, as did Singapore after its independence in 1965.
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[edit] History
The Malayan and British Borneo dollar was issued by the Board of Commissioners of Currency, Malaya and British Borneo. It was subdivided into 100 cents and replaced the Sarawak dollar, British North Borneo dollar and Malayan dollar (also used in Singapore and Brunei) at par. Like its predecessor, it was pegged at one dollar to 2 shillings 4 pence sterling.
In 1967, the Malaya and British Borneo dollar was replaced by three new currencies: the Malaysian ringgit, the Singapore dollar and the Brunei dollar, all at par. The Board of Commissioners of Currency, Malaya and British Borneo, was finally wound up in 1979.
When the pound sterling was devalued in November 1967, existing Malaya and British Borneo 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 cents per old dollar. Notes issued in the new currencies were not devalued. This led to a general strike, or hartal, and riots in Penang.
The symbol of the Malaya and British Borneo dollar was $.
Throughout its lifetime, the Malayan and British North Bornean dollar had remained pegged with the British pound at 2s. 4d. ($60 = £7).
[edit] Coins
Coins were available in 1, 5, 10, 20, and 50 cents.
[edit] Banknotes
[edit] 1953 Series
| Denomination | Dominant Color | Front | Back | Printed Date |
|---|---|---|---|---|
| $1 | blue | Elizabeth II | State emblems of the then 16 states | March 21, 1953 |
| $5 | green | |||
| $10 | red | |||
| $50 | blue | |||
| $100 | violet and brown | |||
| $1,000 | violet | |||
| $10,000 | green |
[edit] 1959 Series
| Denomination | Dominant Color | Front | Back | Printed Date |
|---|---|---|---|---|
| $1 | blue | Sailing boat | Sailing boat and State emblems of the then 5 states | March 1, 1959 |
| $10 | red | Farmer plowing with ox | State emblems of the then 5 states | March 1, 1961 |
Note that this coloring theme still live on in today's three successor currencies.
[edit] References
- Albert Pick (1996). in Neil Shafer, George S. Cuhaj, Colin R. Bruce II (editors): Standard Catalog of World Paper Money: General Issues to 1960, 8th ed., Krause Publications. ISBN 0-87341-469-1.
- (2003) in Chester L. Krause, Cliffor Mischler, Colin R. Bruce II, et al. (editors): 2004 Standard Catalog of World Coins: 1901-present, 31st ed., Krause Publications. ISBN 0-87349-593-4.
[edit] External links
| Preceded by: Sarawak dollar (post-WWII) Reason: creation of a common Board of Commissioners of Currency Ratio: at par, or 60 dollars = 7 British pounds |
Currency of Sarawak 1953 – 1963 |
Currency of Malaysia 1963 – 1967 Note: formation of the Federation |
Succeeded by: Malaysian ringgit Location: Malaysia Ratio: at par, or 60 dollars = 7 British pounds |
| Preceded by: British North Borneo dollar (post-WWII) Reason: creation of a common Board of Commissioners of Currency Ratio: at par, or 60 dollars = 7 British pounds |
Currency of British North Borneo 1953 – 1963 |
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| Preceded by: Malayan dollar (post-WWII) Reason: creation of a common Board of Commissioners of Currency Ratio: at par, or 60 dollars = 7 British pounds |
Currency of Malaya 1953 – 1963 |
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| Currency of Singapore 1953 – 1963 |
Succeeded by: Singapore dollar Location: Singapore Reason: Independence Ratio: at par, or 60 dollars = 7 British pounds |
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| Currency of Brunei 1953 – 1967 |
Succeeded by: Brunei dollar Reason: Currency Agreement Ratio: at par, or 60 dollars = 7 British pounds |
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