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One Straits one dollar banknote from 1935 One Straits one cent coin from 1920. The Straits dollar was the currency of the Straits Settlements from 1898 until 1939. [1] At the same time, it was also used in the Federated Malay States, the Unfederated Malay States, Kingdom of Sarawak, Brunei, and British North Borneo.
The British trade dollar was designed by George William De Saulles and minted from 1895 for Hong Kong and the Straits Settlements. But after the Straits dollar was introduced to the Straits Settlements in 1903, it became exclusively a Hong Kong coin produced until 1935.
Straits dollar This page was last edited on 1 April 2019, at 01:58 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional ...
Silver coin: 1 Straits dollar, 1903. In the early nineteenth century, the most common currency used in the East Indies was the Spanish dollar, including issues both from Spain and from the New World Spanish colonies, most significantly Mexico, due to market circulation from the Spanish East Indies (Spanish Philippines).
From 1845 to 1945 the Straits Settlements (of which Singapore used to be part) issued its local equivalent, the Straits dollar. [3] This was replaced by the Malayan dollar, and, from 1953, the Malaya and British Borneo dollar, which were issued by the Board of Commissioners of Currency, Malaya and British Borneo. [3]
The Straits dollar adopted a gold exchange standard in 1906 after it had been forced to rise in value against other silver dollars in the region. Hence, by 1935, when China and Hong Kong came off the silver standard, the Straits dollar was worth 2s 4d (11.5p approx) sterling, whereas the Hong Kong dollar was worth only 1s 3d sterling (6p approx).
Sarawak dollar; Straits dollar – Straits Settlements; Philippines. Gold Coinages Piloncitos; Barter rings; Silver Coinage Hilis Kalamay (Silver cobs) -Philippines;
Despite the introduction of the Straits dollar, the previous local monies were still used with peculiar exchange rates in the earlier days. All the previous pitis coins were called paku (English: piece) where 8 paku were equal to 1 cent or kayu (sakayu). [3] However, officially, 4,000 pitis equaled one dollar. [2]