Bahamian pound

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The pound was the currency of the Bahamas until 1966. It was equivalent to the pound sterling and was divided into 20 shillings, each of 12 pence.

Contents 1 History 2 Coins 3 Banknotes 4 References 5 External links

[edit] History

Initially British currency circulated, supplements with a single coins, issued in 1806, and banknotes issued from the 1860. The pound was replaced by the dollar in 1966, at a rate of 7 shillings = 1 dollar (1 pound = 2.86 dollars). This rate was chosen as it enabled the Bahamian dollar to be subsequently pegged to the U.S. dollar, then tied to the pound at a rate of 1 pound = 2.80 U.S. dollars.

[edit] Coins

The only coin issued was a 1 penny coin struck in 1806. British coins circulated on the islands until 1966.

[edit] Banknotes

The Bank of Nassau initially issued notes in denominations of 5 and 10 shillings, and 1 pound. 4 shillings notes were introduced in 1906. The last notes were issued in 1916.

The Public Treasury issued 1 poundnotes in 1868, followed by government notes in 1869 for 1 and 5 pounds. In 1919, a new series of 4 and 10 shillings, and 1 pound botes was introduced, with 5 pounds notes reintroduced after 1936.

[edit] References

[edit] External links

• Ron Wise's World Paper Money - Bahamas ^{Mirror site}
• The Global History of Currencies - Bahamas
• Global Financial Data currency histories table ( Microsoft Excel format)