Saint Kitts dollar
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The dollar was the currency of Saint Kitts until 1830 and again since 1913. The East Caribbean dollar currently circulates.
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[edit] First dollar
The currency comprised of various cut Spanish dollars and overstamped French colonial coins. The dollar was subdivided into 12 bits (each worth 9 pence). In 1801, four types of coins were issued. Coins for 1½ pence, known as black dogs, were produced by countermarking French colonial 24 deniers coins with the letter "S". The other coins were ⅛, ¼ and ½ dollar pieces, produced by cutting Spanish or Spanish colonial 8 reales (Spanish dollars) and countermarking them with an "S". A second issue between 1809 and 1812 was of coins for 2¼ pence (¼ black dog) produced by countermarking French Guianan 2 sous coins with the letter "S.K.". In 1830, sterling was established as the official currency of the island.
[edit] Second dollar
In 1913, the first private banknotes were issued, denominated in dollars. From 1920, some of these notes were also denominated in sterling, with 1 dollar = 4 shillings 2 pence. In 1935, the British West Indies dollar was introduced, equal in value to the Saint Kitts dollar and other dollars circulating in the British West Indies. Private banks continued to issue notes until 1938. The British West Indies dollar was replaced in 1965 by the East Caribbean dollar.
[edit] Banknotes
The Royal Bank of Canada introduced 5 dollar notes in 1913, continuing to issue them until 1938. The Colonial Bank issued 5 dollars notes until 1926, after which Barclays Bank (which had taken over the Colonial Bank) began issuing 5 dollars notes and continued until 1937.
[edit] References
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Pick, Albert (1990). Standard Catalog of World Paper Money: Specialized Issues, Colin R. Bruce II and Neil Shafer (editors), 6th ed., Krause Publications. ISBN 0-87341-149-8.
[edit] External links
- The Global History of Currencies - St. Kitts and Nevis
- Global Financial Data currency histories table (
Microsoft Excel format)
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