Malaya and British Borneo dollar
The Malaya and British Borneo dollar ( referred to as Malaysian ringgit, Jawi: رڠڬيت ) was from 1953 to 1967 the currency of the Federation of Malaya and Singapore, Sarawak, British North Borneo and Brunei. The dollar was divided into 100 cents. The currency was issued by the Board of Commissioners of Currency, Malaya and British Borneo ( German Council of Plenipotentiary for the currency of Malaya and British Borneo).
The Malaya and British Borneo dollar remained in Malaya after independence in 1957 and after the formation of Malaysia in 1963 continued in use. Even Singapore remained after its independence in 1965, first in the monetary union. After 1967, the two States and the then British Brunei ended the monetary union and began to issue their own currencies. The Malaya and British Borneo dollar remained legal tender until January 16, 1969.
- 3.1 Series of 1953
- 3.2 Series of 1959
History
Board of Commissioners of Currency Malaya and British Borneo
Due to the currency Laws No 44 of the Crown Colony of Singapore from 1952, No. 33 of the Federation of Malaya from 1951, No. 10 British North Borneo from 1951 and No. 1 of the Crown Colony of Sarawak from 1951 was an agreement between the governments and the Government of Brunei in force set so that the establishment of a Board of Commissioners of Currency envisaged as a common institution for the issuance of banknotes and coins in the Federation of Malaya and British Borneo.
This Agreement entered into force on 1 January 1952. The Council consisted of five permanent and two other members:
The end of the monetary union
On 12 June 1967, the monetary union and Malaysia, Singapore and Brunei ended began to issue their own currencies. The currencies of the three countries remained by an agreement until May 8, 1973 at 1:1:1 ratio coupled to each other. While Malaysia resigned with effect from that date from the monetary union, Brunei and Singapore held to date in the agreement laid.
The Board of Commissioners of Currency Malaya and British Borneo was officially disbanded on 30 November 1979.
Coins were issued in the denomination value of 1, 5, 10, 20 and 50 cents. A special feature was the first one - cent coin from 1953 to 1961, which has square format.
Bills
Series of 1953
Each note is dated March 21, 1953 and signed by the Chairman of the Board of Commissioners of Currency, WC Taylor. The banknotes of 1, 5 and 10 dollars were printed by Waterlow and Sons, the banknotes to 50 and 100 dollars of Bradbury, Wilkinson & Co. and the bills to 1,000 and $ 10,000 of De La Rue. As a measure against counterfeiting, the certificates have a broken security thread and a watermark in the form of a lion's head.