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The British parliament passed currency acts in 1751, 1764, and 1773 to regulate colonial paper money. During the American Revolution , the colonies became independent states. No longer subject to monetary regulations arbitrarily imposed by the British parliament, the states began to issue paper money to pay for military expenses .
The colonial government of the Province of New York insisted that the Currency Act prevented it from providing funds for British troops in compliance with the Quartering Act 1765. As a result, in 1770, Parliament gave permission in the Colony of New York Act 1770 ( 10 Geo. 3 .
The dollar was the currency of the Colony of British Columbia between 1865 and 1871. It replaced the British pound at a rate of 1 pound per 4.866 dollars and was equivalent to the Canadian dollar, which replaced it. The dollar was subdivided into 100 cents. No distinct coins were issued, with Canadian coins circulating.
These terms and divisions of currency were in use from the 7th century. The value of some coins fluctuated, particularly in the reigns of James I and Charles I. The value of a guinea fluctuated between 20 and 30 shillings before being fixed at 21 shillings in December 1717.
A 1953 20/– (£1) note of the West African Currency Board. The pound was the currency of British West Africa, a group of British colonies, protectorates and mandate territories. It was equal to one pound sterling and was similarly subdivided into 20 shillings, each of 12 pence. [1]
British Honduras, renamed Belize in 1973, was the first British colony in the Caribbean area to replace sterling currency with a US dollar-based currency.That occurred in 1885 as a result of the fact that the dollar of neighbouring Guatemala had driven the sterling coinage out of circulation.
A £3 Colonial banknote from the Colony of Virginia. Signed by Peyton Randolph and John Blair Jr. A 1776 banknote issued by Virginia worth seven shillings and six pence. The pound was the currency of Virginia until 1793. Initially, sterling coin circulated along with foreign currencies, supplemented from 1755 by local paper money. [1]
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