Bahamian pound

The pound was the currency of the Bahamas until 1966. It was equivalent to the pound sterling and was divided into 20 "shillings", each of 12 "pence".

History

Initially British currency circulated, supplements with a single coins, issued in 1806, and banknotes issued from the 1860. The pound was replaced by the dollar in 1966, at a rate of 7 shillings = 1 dollar (1 pound = 2.86 dollars). This rate was chosen as it enabled the Bahamian dollar to be subsequently pegged to the U.S. dollar, then tied to the pound at a rate of 1 pound = 2.80 U.S. dollars.

Coins

The only coin issued was a 1 penny coin struck in 1806. British coins circulated on the islands until 1966.

Banknotes

The Bank of Nassau initially issued notes in denominations of 5 and 10 shillings, and 1 pound. 4 shillings notes were introduced in 1906. The last notes were issued in 1916.

The Public Treasury issued 1 poundnotes in 1868, followed by government notes in 1869 for 1 and 5 pounds. In 1919, a new series of 4 and 10 shillings, and 1 pound botes was introduced, with 5 pounds notes reintroduced after 1936.

References

*numis cite SCWPM|date=1994

External links

Standard numismatics external links
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