Malaya and British Borneo dollar

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Malaya and British Borneo dollar
Ringgit (
Bank Negara Malaysia

The Malaya and British Borneo dollar (

Board of Commissioners of Currency, Malaya
.

The Malaya and British Borneo dollar was used in Malaya after independence in 1957, and in Malaysia after its formation in 1963, as well as in Singapore after its independence in 1965. After 1967, the two countries and Brunei ended the common currency arrangement and began issuing their own currencies. However, the Malaya and British Borneo dollar continued to be legal tender until 16 January 1969. The currency was also used in the Riau Archipelago in Indonesia prior to 1963, when it was replaced by the local rupiah.

History

Board of Commissioners of Currency, Malaya and British Borneo

The Currency Ordinance No. 44 of 1952 of the

Board of Commissioners of Currency to be the sole issuing authority in British Malaya and British Borneo
.

This agreement became effective on 1 January 1952. The Board consisted of five members:

  1. Financial Secretary of Singapore who was also the chairman of the Board
  2. Minister of Finance for the Federation of Malaya
  3. Governor of Sarawak
  4. Governor of North Borneo
  5. British Resident of Brunei
  6. and two further appointed by agreement of the participating governments.

End of common currency

On 12 June 1967, the currency union came to an end and Malaysia, Singapore and Brunei each began issuing their own currencies: the Malaysian dollar, Singapore dollar and Brunei dollar. The currencies of the three countries were interchangeable at par value under the Interchangeability Agreement until 8 May 1973 when the Malaysian government decided to terminate it. Brunei and Singapore continue with the Agreement until the present day.[1]

The

Board of Commissioners of Currency, Malaya and British Borneo was officially wound up on 30 November 1979.[2]

Coins

Coins were issued in bronze 1 cent square shaped coins issued between 1956 and 1961,

Queen Elizabeth II
on the obverse and denomination on the reverse. However, the Queen was replaced with two daggers on the smaller round cent of 1962. These coins carried the same design features and sizes from the coins of the previous Commissioner's Currency and Straits series, making them relatively unchanged in appearance except for the depictions of the British monarchs. The older coins also continued to circulate alongside these bearing the new title.

Banknotes

1953 series

All notes bear the date 21 March 1953, and signed by W.C. Taylor, the chairman of the Board of Commissioners of Currency. The 1, 5 and 10 dollar notes were printed by

Bradbury, Wilkinson & Co. Ltd. and the 1,000 and 10,000 dollar notes were printed by Thomas de la Rue & Co. Ltd.
As a safeguard against forgery, a broken security thread and the watermark of a lion's head were incorporated in the paper before printing.

1953 Series
Image Value Main Colour Description Date of issue
Obverse Reverse Obverse Reverse
$1 $1 $1 Blue/pink
Elizabeth II
State emblems of the Federation of Malaya and its constituent components, Singapore, North Borneo, Sarawak and Brunei
 21 March 1953
$5 $5 $5 Green/yellow
$10 $10 $10 Red/green
$50 $50 $50 Blue/green
$100 $100 $100 Violet/pink
$1000 $1000 $1000 purple/yellow
$10000 $10000 $10,000 green/multicoloured

1959 series

1959 Series
Image Value Main Colour Description Date of issue
Obverse Reverse Obverse Reverse
$1 $1 $1 Blue/green Sail boat
State emblem of the Federation of Malaya, Singapore, North Borneo, Sarawak and Brunei
; scene of fishermen returning from sea 		1 March 1959
$10 $5 $10 Red/grey Farmer ploughing padi field with buffalo
State emblem of the Federation of Malaya, Singapore, North Borneo, Sarawak and Brunei
 1 March 1961

See also

References

Citations

  1. ^ "The Currency History of Singapore". Monetary Authority of Singapore. 9 April 2007. Archived from the original on 2 February 2010. Retrieved 21 November 2010.
  2. ^ "History of Money in Malaysia: Colonial Notes & Coins". Bank Negara Malaysia. 2010. Archived from the original on 22 July 2011. Retrieved 21 November 2010.
  3. ^ https://en.numista.com/catalogue/pieces10712.html

Sources

External links
Preceded by:
Sarawak dollar (post-WWII)
Reason: Creation of a common currency board
Ratio: at par, or 8.57 dollars = 1 British pound 		Currency of Sarawak
1953 – 1963 		Currency of Malaysia
1963 – 1967 		Succeeded by:
Malaysian dollar
Location: Malaysia

Reason: End of common currency board
Ratio: at par, or 8.57 ringgit = 1 British pound
Preceded by:
British North Borneo dollar (post-WWII)
Reason: Creation of a common currency board
Ratio: at par, or 8.57 dollars = 1 British pound 		Currency of
British North Borneo
1953 – 1963
Preceded by:
Malayan dollar (post-WWII)
Reason: Creation of a common currency board
Ratio: at par, or 60 dollars = 7 British pounds, about 8.57 dollars = 1 British pound 		Currency of Malaya
1953 – 1963
Currency of Singapore
1953 – 1963 		Currency of Malaysia
1963 – 1965 		Currency of Singapore
1965 – 1967 		Succeeded by:
Singapore dollar
Location: Singapore
Reason: End of common currency board
Ratio: at par, or 8.57 dollars = 1 British pound
Currency of Brunei
1953 – 1967 		Succeeded by:
Brunei dollar
Reason: End of common currency board
Ratio: at par, or 8.57 dollars = 1 British pound
Currency of
Riau Archipelago
1953 – 1963 		Succeeded by:
Riau Archipelago
Reason: To create a common currency in Indonesia

Ratio: at par, or 8.57 Riau rupiah= 1 British pound
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