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Encyclopedia > British West African pound

The pound was the currency of British West Africa, a group of British colonies, protectorates and mandate territories. It was equal to the pound sterling and was similarly subdivided into 20 shillings, each of 12 pence. The currency is obsolete. Location of British West Africa. ... ISO 4217 Code GBP User(s) United Kingdom, Crown Dependencies Inflation 2. ... Before decimalisation in 1971, a shilling had a value of 12d (old pence), and was equal to 1/20th of a pound: there were 240 (old) pence to the pound. ... For the NBA basketball player with the nickname see Penny Hardaway A variety of low value coins, including an Irish 2p piece and many U.S. pennies. ...

Contents

History

The West African pound was introduced in 1907 for circulation in Nigeria, the Gold Coast (now Ghana), Sierra Leone and the Gambia. From 1912, it was issued by the West African Currency Board. Liberia also adopted the currency in 1907, replacing the Liberian dollar, despite the fact it was not served by the West African Currency Board. Liberia changed to the U.S. dollar in 1943. The British sections of Togo and Cameroon adopted the West African currency in 1914 and 1916 respectively after being taken from Germany. Year 1907 (MCMVII) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Monday of the 13-day-slower Julian calendar). ... Flag of Gold Coast Map from 1896 of the British Gold Coast Colony. ... Year 1907 (MCMVII) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Monday of the 13-day-slower Julian calendar). ... The dollar (currency code LRD) has been the currency of Liberia since 1943. ... The United States dollar is the official currency of the United States. ... Year 1943 (MCMXLIII) was a common year starting on Friday (the link will display full 1943 calendar) of the Gregorian calendar. ...


During the period 1958 to 1968, the West African pound was replaced by local currencies in the newly independent nations. The replacements were:

Country Date New
Currency
Conversion Rate
From BWA pound
Ghana 1958 Ghanaian pound 1
Nigeria 1958 Nigerian pound 1
British Cameroon 1961 CFA franc 700
Sierra Leone 1964 Leone 2
Gambia 1968 Gambian pound 1

The pound was the currency of Ghana between 1907 and 1965. ... The pound was the currency of Nigeria between 1907 and 1973. ... now. ... This article is about the currency. ... The pound was the currency of the Gambia between 1907 and 1971. ...

Coins

One-tenth penny coins from British West Africa, dated 1936 and 1939.
One-tenth penny coins from British West Africa, dated 1936 and 1939.

In 1907, aluminium 110 penny and cupro-nickel 1 penny coins were introduced. Both coins were holed. In 1908, cupro-nickel replaced aluminium in the 110 penny and, in 1911, holed, cupro-nickel ½ penny coins were introduced. In 1913, silver 3 and 6 pence, 1 and 2 shillings were introduced. In 1920, brass replaced silver in these denominations. 1936 (MCMXXXVI) was a leap year starting on Wednesday (link will take you to calendar). ... Year 1939 (MCMXXXIX) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar. ...


In 1938, larger, cupro-nickel 3 pence coins were introduced, with nickel-brass replacing brass in the higher denominations. In 1952, bronze replaced cupro-nickel in the 110, ½ and 1 penny coins. The last coins of British West Africa (pennies) were struck in 1958.


Banknotes

In 1916, the West African Currency Board introduced notes for 2, 10 and 20 shillings, followed by 1 shilling notes in 1918. Only the 10 and 20 shillings notes were issued after 1918, until 100 shillings (5 pounds) notes were introduced in 1953. The last notes (20 shillings) were produced in 1962.


See also

States of WAMZ Light green: interested in joining The Eco is the proposed name for the common currency the West African Monetary Zone plans to introduce by 2009 in the framework of ECOWAS. See Also West African Economic and Monetary Union (UEMOA) Economic and Monetary Community of Central Africa (CEMAC... The Economic Community of West African States (ECOWAS) is a regional group of fifteen countries, founded on May 28, 1975 when fifteen West African countries signed the Treaty of Lagos. ...

References

  • Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1. 
  • Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9. 

External links


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