Penang dollar
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The dollar was the currency of
Between 1786 and 1788, coins were issued in denominations of 1⁄10, 1⁄2 and 1 cent (copper), 1⁄10, 1⁄4 and 1⁄2 dollar (silver). Large, tin 1 cent coins were issued between 1800 and 1809, followed by copper 1⁄2 and 1 cent in 1810. In 1826, copper 1⁄2, 1 and 2 cents coins were issued which were also minted in 1828, after the dollar had been replaced by the rupee. This was done under Company Rule to made trade with India and other rupee zone regions easier. Despite this however, Spanish Trade Dollars continued to dominate trade and were trusted by merchants. This resulted in the reintroduction of the Dollar as the Straits Dollar from 1898.
References
- Krause, Chester L.; Clifford Mishler (1991). ISBN 0873411501.
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