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All colonial pounds were of less value than the British pound sterling. [3] The coins in circulation during the colonial era were, most often, of Spanish and Portuguese origin. [ 3 ] For most of the 17th and 18th centuries, the Spanish dollar was one of the few widely accepted denominations by the people, which resulted in it serving as the ...
The international community needed dollars to finance imports from the United States to rebuild what was lost in the war. [25] In 1948 Congress passed the European Recovery Program - generally known as the Marshall Plan – giving dollars to European countries to purchase imports needed to rebuild their economies. The plan helped European ...
The United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century. [1] However, by the middle of the 20th century, the United States dollar had become the world's dominant reserve currency. [2] [better source needed] Worldwide use of the US dollar:
A small counterstamp of the King's head was used. Until 1800, these circulated at a rate of 4/9d for 8 reales. After 1800, a rate of 5/– for 8 reales was used. The Bank then issued silver tokens for 5/– (struck over Spanish dollars) in 1804, followed by tokens for 1/6d and 3/– between 1811 and 1816.
1800 $0.64 1810 $0.66 1820 $0.69 ... US dollar exchange rates graphs against ... (on the first two - the amount of dollars per one euro and pound, on the third - the ...
In 1940, an agreement with the US pegged the Pound sterling to the US dollar at a rate of £1 = US$4.03. This meaning of "dollar" is not to be confused with the British trade dollar that circulated in East Asia. In 2014, a new world record price was achieved for a milled silver crown.
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This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
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