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From Wikipedia, the free encyclopedia
The pound (symbol: £) was the currency of North Carolina until 1793. Initially, sterling coin circulated, supplemented from 1709 by the introduction of colonial currency denominated in pounds, shillings and pence in 1712.[1] The North Carolina currency was worth less than sterling, with a rating of 1 North Carolina shilling = 9 pence sterling (or 1 North Carolina pound to 15 shillings sterling). The first issue of paper money was known as "Old Tenor" money. In 1748, "New Tenor" paper money was introduced, worth 7+1⁄2 times the Old Tenor notes.[2]
| |||||
| Unit | |||||
|---|---|---|---|---|---|
| Plural | pounds | ||||
| Symbol | £ | ||||
| Denominations | |||||
| Banknotes | |||||
| Freq. used | £1, £2, £5 | ||||
| Rarely used | £3 | ||||
| Coins | None | ||||
| Demographics | |||||
| User(s) | Province of North Carolina | ||||
| Issuance | |||||
| Central bank | North Carolina Treasury | ||||
| Valuation | |||||
| Pegged with | sterling at £1 N.C. = 15/- STG (£0.75 STG) | ||||
The State of North Carolina issued continental currency denominated in £sd and Spanish dollars at the York rating of 1 dollar = 8 shillings. The continental currency was replaced by the U.S. dollar at a rate of 1000 continental dollars = 1 U.S. dollar.[citation needed]
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