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Board Of Commissioners Of Currency For The Straits Settlements
The Straits dollar was the currency of the Straits Settlements from 1898 until 1939. At the same time, it was also used in the Federated Malay States, the Unfederated Malay States, Kingdom of Sarawak, Brunei, and British North Borneo. History Background 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 new world Spanish colonies, which for the East Indies emanated from the Philippines in the Spanish East Indies originating from Mexico and Peru as part of the Spanish colonial empire. Locally issued coinages included the Kelantan and Trengganu keping, and the Penang dollar. In 1826, the Straits Settlements were formed under the auspices of the East India Company. The East India Company attempted to implement the Indian rupee as the sole official currency in the Straits Settlements, however it was unsuitable for trade and Mexican dollars (the successor to the Spanish dollar) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Straits Settlements - 1935 - $1 Banknote (obverse)
A strait is a body of water, water body connecting two seas or water basins. The surface water is, for the most part, at the same elevation on both sides and flows through the strait in both directions, even though the topography generally constricts the flow somewhat. In some straits there is a dominant directional current. Most commonly, the strait is a narrowing Channel (geography), channel that lies between two land masses. Straits are loci for sediment accumulation, with sand-size deposits usually occurring on the two strait exits, forming subaqueous fans or deltas. Some straits are not navigable because, for example, they are too narrow or too shallow, or because of an unnavigable reef or archipelago. Terminology The terms ''channel (geography), channel'', ''pass'', or ''passage'' can be synonymous and used interchangeably with ''strait'', although each is sometimes differentiated with varying senses. In Scotland, ''firth'' or ''Kyle'' are also sometimes used as synony ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trengganu Keping
The keping was the currency of Terengganu until 1909 when it was replaced by the Straits dollar. It was subdivided into 10 ''pitis''. Coins were issued in denominations of 1 pitis (tin), 1 keping (copper) and 10 keping (tin). See also * Kelantan keping The keping was the currency of Kelantan until 1909 when it was replaced by the Straits dollar. It was subdivided into 10 ''pitis''. Coins were struck in tin in denominations of 1 pitis (holed), 1 and 10 keping. One piti coins were made from tin ... References Obsolete currencies in Malaysian history History of Terengganu British Malaya Modern obsolete currencies 1909 disestablishments in Asia 1900s disestablishments in Southeast Asia {{Money-unit-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brunei Dollar
The Brunei dollar (currency sign, sign: B$, Malay language, Malay: ''ringgit Brunei'', ISO 4217, currency code: ''BND''), has been the currency of Brunei, the Sultanate of Brunei since 1967. It is normally abbreviated with the dollar sign $, or alternatively B$ to distinguish it from other dollar-denominated currencies. The currency is divided into 100 Cent (currency), cents (Malay: sen) and is issued by the Brunei Darussalam Central Bank. Under a Currency Interchangeability Agreement in 1967, the Brunei dollar is interchangeable with the Singapore dollar at par. As such, the Brunei dollar is accepted in Singapore as "customary tender"; likewise, the Singapore dollar is accepted in Brunei. History Early currency in Brunei included cowrie shells. Brunei is also famous for its bronze teapots, which were used as currency in barter trade along the coast of northern Borneo. The Spanish dollar, Spanish-American silver dollar brought over by the Manila galleons was in wide use f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brunei–Singapore Relations
Brunei and Singapore established diplomatic relations in 1984. Brunei has a high commission in Singapore, and Singapore has a high commission in Bandar Seri Begawan. Brunei and Singapore have close and friendly relations with extensive defence co-operation.Omar, A. M. (2014). How Singapore and Brunei Became Friends. The AMO Times, 15. Both countries are members of ASEAN and Commonwealth of Nations. History The official relations between the two countries were established in 1984. In 2012, His Majesty the Sultan of Brunei Hassanal Bolkiah attended the 3rd Singapore Airshow and met the then Prime Minister Lee Hsien Loong and the former Prime Minister Lee Kuan Yew, while Teo Chee Hean visited Brunei the same year. Economic and monetary relations Several memorandum of understanding have been signed and there is a Currency Interchangeability Agreement between the two countries which makes both Brunei dollar and Singapore dollar banknotes and coins legal tender in either country. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singapore
Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south along with the Riau Islands in Indonesia, the South China Sea to the east, and the Straits of Johor along with the State of Johor in Malaysia to the north. In its early history, Singapore was a maritime emporium known as '' Temasek''; subsequently, it was part of a major constituent part of several successive thalassocratic empires. Its contemporary era began in 1819, when Stamford Raffles established Singapore as an entrepôt trading post of the British Empire. In 1867, Singapore came under the direct control of Britain as part of the Straits Settlements. During World ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malayan Dollar
The Malayan dollar ( Malay: ''ringgit'', Jawi: رڠڬيت) was the currency of the British colonies and protectorates in Malaya and Brunei until 1953. It was introduced in 1939, replacing the Straits dollar at par, with 1 dollar = two shillings four pence sterling (60 dollars = 7 pounds). History Board of Commissioners of Currency, Malaya formed The Malayan dollar was issued by the Board of Commissioners of Currency, Malaya, with a hiatus during the Japanese occupation (1942–1945). The Board of Commissioners of Currency, Malaya, came into being in October 1938 following the Blackett Report which recommended that the sole power of issuing currency for the various Malay States, including Brunei, and the Straits Settlements should be entrusted to a pan-Malayan Currency Commission. Sir Basil Phillott Blackett was appointed in 1933 by the Secretary of State for the Colonies to lead a commission to consider the participation of the various Malay States, including Brunei, in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a backed currency, monetary system in which the standard economics, economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pence
A penny is a coin (: pennies) or a unit of currency (: pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. At present, it is the formal name of the British penny ( p) and the '' de facto'' name of the American one-cent coin (abbr. ¢). ''Penny'' is also the informal name of the cent unit of account in Canada, although the production of one-cent coins was ended in 2012. The name ''penny'' is also used in reference to various historical currencies, also derived from the Carolingian system, such as the French denier and the German pfennig. It may also be informally used to refer to any similar smallest-denomination coin, such as the euro cent or Chinese fen. The Carolingian penny was originally a 0.940-fine silver coin, weighing pound. It was adopted by Offa of Mercia and other English kings and remained the principal currency in Europe over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shilling
The shilling is a historical coin, and the name of a unit of modern currency, currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a Pound (currency), pound before being phased out during the 1960s and 1970s. Currently the shilling is used as a currency in five east African countries: Kenyan shilling, Kenya, Tanzanian shilling, Tanzania, Ugandan shilling, Uganda, Somali shilling, Somalia, and the ''de facto'' country of Somaliland shilling, Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Anglo-Saxon language, Anglo-Saxon phrase "Scilling", a monetary term meaning literally "twentieth of a pound", from the Proto-Germanic root :wikt:Reconstruction:Proto-Germanic/skiljaną, skiljaną meaning literally "to separate, split, divide", from :wikt:Reconstr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Commissioners Of Currency For The Straits Settlements
The Straits dollar was the currency of the Straits Settlements from 1898 until 1939. At the same time, it was also used in the Federated Malay States, the Unfederated Malay States, Kingdom of Sarawak, Brunei, and British North Borneo. History Background 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 new world Spanish colonies, which for the East Indies emanated from the Philippines in the Spanish East Indies originating from Mexico and Peru as part of the Spanish colonial empire. Locally issued coinages included the Kelantan and Trengganu keping, and the Penang dollar. In 1826, the Straits Settlements were formed under the auspices of the East India Company. The East India Company attempted to implement the Indian rupee as the sole official currency in the Straits Settlements, however it was unsuitable for trade and Mexican dollars (the successor to the Spanish dollar) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
