New Guinean pound

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The pound was the currency of the Australian territory of New Guinea between 1915 and 1966. It replaced the mark when Australia occupied the former German colony. It was equal to the Australian pound and Australian currency circulated, alongside coins issued specifically for New Guinea between 1935 and 1945. The pound was subdivided into 20 shillings, each of 12 pence.

Between 1942 and 1945, the Oceania pound circulated, issued by the Japanese occupiers. Australian coins and banknotes resumed circulation after the war and continued until 1975, when the kina replaced the Australian dollar at par.

[edit] Coins

In 1935, 3 and 6 pence and 1 shilling coins were introduced, followed in 1936 by 1 penny coins. The penny was minted in bronze, with the 3 and 6 pence in cupro-nickel and the shilling in sterling silver. All the coins were holed.

Preceded by: German gold mark Ratio: at par

Currency of New Guinea 1915 – 1942 Concurrent with: Australian pound

Succeeded by: Oceania pound Reason: Japanese occupation Ratio: par

Preceded by: Oceania pound Reason: Liberation from Japanese occupation

Currency of New Guinea 1945 – 1966 Concurrent with: Australian pound

Succeeded by: Australian dollar Reason: decimalisation Ratio: 2 dollars = 1 pound