British North Borneo dollar

The British North Borneo dollar was the currency of British North Borneo from 1882 to 1953. It was subdivided into 100 cents. The dollar had remained at par with the Straits dollar (and its successor the Malayan dollar), the currency of Malaya and Singapore, at the value of one dollar to 2 shillings 4 pence sterling from its introduction until both currencies were replaced by the Malaya and British Borneo dollar in 1953. Both coins and banknotes were issued by the British North Borneo Company.

British North Borneo dollar

One dollar note dated 1940
Unit
Symbol	$‎
Denominations
Subunit
1⁄100	cent
Banknotes	25, 50 cents, $1, $5, $10, $25
Coins	1⁄2, 1, 21⁄2, 5, 25 cents
Demographics
Replaced by	Malaya and British Borneo dollar
User(s)	North Borneo
Issuance
Central bank	British North Borneo Company
Valuation
Pegged with	Pound sterling at -/2/4d
This infobox shows the latest status before this currency was rendered obsolete.

During the Japanese occupation period (1942–1945), 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 British North Borneo dollar regained their value relative to sterling (two shillings four pence).

Coins

British North Borneo Company half cent of 1885

Coins were first minted in values of 1⁄2 cent and 1 cent in copper, and later 1 cent, 2+1⁄2 cents, and 5 cents in copper-nickel, and 25 cents in silver. Originally they were issued under the name "British North Borneo Co", as The British North Borneo Company had the right to produce coin under its Royal Charter granted in 1881. Later they were minted under "State of North Borneo", starting in 1903. All coins depicted the company/state coat of arms on the obverse and denomination on the reverse. These were last minted in 1941 and later phased out and replaced by coins of the Malayan dollar.

Banknote

Banknotes were printed in values of 25 cents, 50 cents, $1, $5, $10, and $25. The design of the banknotes did not change much during the currency's lifetime. However, their physical sizes tend to shrink over time. They either show the coat of arms, Mount Kinabalu, or both.

See also

• Money portal
• Numismatics portal

• Malayan dollar
• Postal orders of British North Borneo
• Sarawak dollar

References

• Pick, Albert (1996). Standard Catalog of World Paper Money: General Issues to 1960. Colin R. Bruce II and Neil Shafer (editors) (8th ed.). Krause Publications. ISBN 0-87341-469-1.
• Krause, Chester L.; Clifford Mishler (2003). 2004 Standard Catalog of World Coins: 1901–Present. Colin R. Bruce II (senior editor) (31st ed.). Krause Publications. ISBN 0873495934.

External links

• Global Financial Data currency histories table
• Online Coin Club / Coins from North Borneo

pre-WWII

Preceded by: No modern predecessor	Currency of British North Borneo 1882 – 1942 Note: had been at par with Straits dollar, and Malayan dollar after 1939	Succeeded by: Japanese government-issued dollar Location: present day Malaysia, Singapore, Brunei Reason: Japanese occupation Ratio: at par Note: The Japanese allowed the former currencies to circulate, but they were in practice hoarded as a more reliable store of value.

post-WWII

Preceded by: Japanese government-issued dollar Location: present day Malaysia, Singapore, Brunei Reason: Japan lost World War II Ratio: The occupation currency became worthless. The value of the pre-occupation currency was restored.	Currency of British North Borneo 1945 – 1953 Note: had been at par with Malayan dollar	Succeeded by: Malaya and British Borneo dollar Reason: creation of a common Board of Commissioners of Currency Ratio: at par, or 60 dollars = 7 British pounds