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The Currency Act 1764 (4 Geo. 3. c. 34) extended the 1751 act to all of the British colonies of North America. Unlike the earlier act, this statute did not prohibit the colonies from issuing paper money, but it did forbid them from designating future currency issues as legal tender for public and private debts.
This depreciation of colonial currency was harmful to creditors in Great Britain when colonists paid their debts with money that had lost value. The British parliament passed several currency acts to regulate the paper money issued by the colonies. The Currency Act 1751 restricted the issue of paper
British colonies in North America would issue bills of credit in order to deal with fiscal crises, although doing so without receiving them as revenue in like amounts would increase the money supply, resulting in price inflation and a drop in value relative to the pound sterling. The documents would circulate as if they were currency, and ...
There was a further decline during the remainder of 2008, most dramatically on 29 December when its euro rate hit an all-time low at €1.0219, while its US dollar rate depreciated. [120] [121] Sterling appreciated in early 2009, reaching a peak against the euro of £1 to €1.17 in mid-July. In the following months sterling remained broadly ...
An Act for continuing several Laws therein mentioned, relating to the Premiums upon the Importation of Masts, Yards, and Bowsprits, Tar, Pitch, and Turpentine, to British-made Sail Cloth, and the Duties payable on Foreign Sail Cloth, and to the Allowance upon the Exportation of British-made Gunpowder.
For acts passed up until the Act of Union 1707: List of acts of the Parliament of England; List of acts of the Parliament of Scotland; List of acts of the Parliament of Ireland; For acts passed from 1801 onwards: List of acts of the Parliament of the United Kingdom; For acts of the modern devolved parliaments and assemblies in the United Kingdom:
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Dollar (British coin) 5/-£0.25: 1804–1811, (withdrawn 1818) [6] Silver, overstruck on Spanish 8 Reales coin. Crown: 5/-£0.25: 1551–1965. Sometimes known as "a dollar" – from the 1940s when the exchange rate was four USD to the GBP. Originally in gold until 1662 and in silver from 1551.