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British West African pound. 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]
2½ cents (World War II Dutch coin) 2 øre (World War II Danish coin) 5 cents (World War II Dutch coin) 5 øre (World War II Danish coin) Ten cent coin (Netherlands 1941–1943) 25 cents (World War II Dutch coin) 25 øre (World War II Danish coin) 1944 Danish 5 Krone coin. 2016 Indian banknote demonetisation.
The leone was introduced on 4 August 1964. It replaced the British West African pound at a rate of 1 pound = 2 leones (i.e., 1 leone = 10 shillings). [3] When it was introduced, one leone was worth precisely half a pound sterling or US$1.40. The leone was worth more than the U.S. dollar until the 1980s, when the currency started to devalue rapidly.
Biafran pound (1968 to 1970, replaced by the Nigerian pound) British West African pound. in British Cameroon replaced by the CFA franc in 1961; in Gambia, replaced by the Gambian pound in 1968; in Ghana, replaced by the Ghanaian pound in 1958; in Liberia, replaced by the U.S. dollar in 1943; in Nigeria, replaced by the Nigerian pound in 1958
The West African Monetary Zone (WAMZ) has proposed to create a common currency for all West Africa states, the Eco. In May 2020, an agreement between the French government and 8 West African countries was reached, meaning to change the CFA franc to the Eco; though no plan had been established as of January 2021. [4]
Three cases of a country using or pegging the currency of a neighbor. Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1] Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.
A sketch of the town of Bathurst, The Gambia, published in 1824 Otoo Ababio II., Omanhene of Abura, being presented to Prince of Wales, Accra, Gold Coast, 1925. British West Africa constituted during two periods (17 October 1821, until its first dissolution on 13 January 1850, and again 19 February 1866, until its final demise on 28 November 1888) as an administrative entity under a governor ...
Knife money – Zhou dynasty. Ant nose coin – Chu (state) Ying Yuan – Chu (state) Sycee – Qin dynasty. Ban Liang – Qin dynasty. Spade money – Zhou dynasty, Xin dynasty. Jiaozi (currency) – Song dynasty. Guanzi (currency) – Song dynasty. Huizi (currency) – Southern Song dynasty.