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One Straits one dollar banknote from 1935 One Straits one cent coin from 1920. The Straits dollar was the currency of the Straits Settlements from 1898 until 1939. [1] 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.
The Japanese dollar was one of several forms of Japanese invasion money issued throughout the newly expanded Empire of Japan. Similar currencies were issued in Burma (as the Japanese rupee ), the Dutch East Indies (as the Japanese gulden/roepiah ), the Philippines (as the Japanese peso ) and various Melanesian and Polynesian territories (as the ...
On the reverse is an arabesque design with the Chinese symbol for longevity in the center, and the denomination in two languages – Chinese and Jawi Malay. The British trade dollar was designed by George William De Saulles and minted from 1895 for Hong Kong and the Straits Settlements.
The Transfer of the Straits Settlements was the official handover of the colonies of Penang, Singapore, and Malacca from the British India Office over to the British Colonial Office on 1 April 1867. This transfer was initiated with the passing of the Straits Settlements Act 1866 ( 29 & 30 Vict. c. 115), thus assigning the Straits Settlements ...
The Straits dollar adopted a gold exchange standard in 1906 after it had been forced to rise in value against other silver dollars in the region. Hence, by 1935, when China and Hong Kong came off the silver standard, the Straits dollar was worth 2s 4d (11.5p approx) sterling, whereas the Hong Kong dollar was worth only 1s 3d sterling (6p approx).
Currency reforms in the Straits Settlements, such as the introduction of the currency note issue in 1898, the introduction of the silver Straits Dollar pegged to the Gold Standard in 1903, and the Sterling Exchange Standard in 1906, [2] [3] [4] also facilitated Chinese entry into financial services, benefiting from the improved monetary ...
Despite the introduction of the Straits dollar, the previous local monies were still used with peculiar exchange rates in the earlier days. All the previous pitis coins were called paku (English: piece) where 8 paku were equal to 1 cent or kayu (sakayu). [3] However, officially, 4,000 pitis equaled one dollar. [2]
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 ...