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Since the Middle East was a late addition to the British Empire, the British government had by then already learned from their experiences in places such as Canada, Ceylon, Mauritius, and Hong Kong that it is highly impractical to impose a new currency in the place of already existing ones. So, even though the pound unit of account eventually ...
Present currency ISO 4217 code Country or dependency (administrating country) Currency symbol Algerian dinar: DZD Algeria: دج (Arabic) or DA (Latin) Bahraini dinar [1] BHD Bahrain.د.ب [2] Iraqi dinar [3] IQD Iraq: ع.د [4] Jordanian dinar [5] JOD Jordan: ينار [6] Kuwaiti dinar [7] KWD Kuwait: ك [7] Tunisian dinar: TND Tunisia
To the middle of the 20th century, the Indian rupee was also used as the official currency in the emirates on the eastern Arabian Peninsula, namely Kuwait, Bahrain, Qatar, the Trucial States, and Oman. That meant, in effect, that the Indian rupee was the common currency in those territories as well as in India.
[3] [4] After the establishment of a civil administration in 1921, the High Commissioner Herbert Samuel ordered that from 22 January 1921 only Egyptian currency and the British gold sovereign would be legal tender. [5] In 1926, the British Secretary of State for the Colonies appointed a Palestine Currency Board to introduce a local currency. [6]
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas. Each anna was subdivided into 4 pices. So one rupee ...
International dollar – hypothetical currency pegged 1:1 to the United States dollar; Jamaican dollar – Jamaica; Kiautschou dollar – Qingdao; Kiribati dollar – Kiribati; Liberian dollar – Liberia; Malaya and British Borneo dollar – Malaya, Singapore, Sarawak, British North Borneo and Brunei; Malayan dollar – Brunei, Malaysia and ...
1835 East India Company quarter anna, part of the unified coinage introduced that year 1840 East India Company rupee. It was minted in Bombay, Calcutta and Madras. The English East India Company was granted a royal charter by Queen Elizabeth I which allowed trade monopoly with eastern countries including Sumatra, Java, and India.
British currency in the Middle East; Brunei dollar; Bulgarian lev; Burundian franc; C. Cambodian riel; Canadian dollar; Cape Verdean escudo; Caribbean guilder; Cayman ...