The Malaya and British Borneo dollar was a currency used in the region from 1946 to 1953. It was introduced to replace the Malayan dollar and was initially pegged to the British pound.
The currency was used in Malaya, Singapore, and British North Borneo, with the Malayan government issuing the notes and the British government issuing the coins. The Malayan dollar was divided into 100 cents.
The Malaya and British Borneo dollar was gradually phased out in 1953, with the Malayan government introducing a new currency, the Malayan dollar, which was later replaced by the Malaysian ringgit.
History of the Currency
The Malaya and British Borneo dollar has a rich history that dates back to the 1940s. The currency was introduced in 1946 as a replacement for the Malayan dollar.
It was issued by the Board of Commissioners of Currency Malaya and British Borneo, which was established in 1946. The board's primary goal was to stabilize the currency.
The Malaya and British Borneo dollar was pegged to the British pound at a fixed exchange rate. This was done to stabilize the currency and maintain its value.
The currency was widely accepted in Malaya and British Borneo, and it remained in circulation until 1953.
Description and Condition
The Malaya and British Borneo dollar is a fascinating coin that offers a glimpse into the region's shared history and economic interconnectedness. The Malaya & British Borneo 1 Dollar coin, identified as P#8A and minted in 1959, was a crucial part of the numismatic history of the region.
The design of the coin typically includes motifs and symbols representing the diverse cultures and natural heritage of the territories it represents. These may include depictions of local flora and fauna, traditional patterns, or national emblems.
Coins in XF (Extremely Fine) condition, like the one mentioned, are typically well-preserved, with only minor signs of wear on the high points of the design. The coin may exhibit some luster and mint brilliance, enhancing its overall visual appeal.
The Malaya & British Borneo 1 Dollar coin was minted using base metals such as copper-nickel or silver, depending on the specific issue.
Features
The Malaya and British Borneo dollar was a currency used in the region from 1953 to 1967. It was introduced to replace the Malayan dollar.
The Malaya and British Borneo dollar was pegged to the British pound at a fixed exchange rate. This was set at a rate of 1 GBP = 2.4 MYD.
The currency was subdivided into 100 cents. Coins were issued in denominations of 1, 5, 10, and 20 cents, as well as 50 cents and 1 dollar.
The Malaya and British Borneo dollar was eventually replaced by the Malaysian dollar in 1967, following the formation of Malaysia.
Frequently Asked Questions
Where are Malaya and British Borneo?
Malaya and British Borneo were located on the Malay Peninsula and the northern parts of the island of Borneo, respectively. This region is now part of modern-day Malaysia and Brunei.
What is the 10 cent malaya and british borneo 1961?
The 10 cent Malaya and British Borneo 1961 is a rare coin featuring Queen Elizabeth II, issued by a short-lived entity that merged two countries. This unique coin is a collector's dream, offering a glimpse into history.
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