The British West Indies dollar ("BWI$") was adopted in 1935. The currency was originally used regionally by the various British West Indies territories and later, by the unitary West Indies Federation. It was one of the many experimental political and economic ventures tested by the British government to form a uniform system within their British West Indies territories. The official ISO-4217-Code: of the currency was XBWD. However, it was often written as "BWI$" for short and verbally called the "Beewee" (slang for 'British West Indies') dollar. 1935(MCMXXXV) was a common year starting on Tuesday (link will take you to calendar). ... The British West Indies are those islands in the Caribbean that are or were British colonies. ... National motto: Official language English Political status Overseas territory of the UK Capital Chaguaramas Largest cities Kingston and Port-of-Spain Queen Elizabeth II Governor-General Patrick George Thomas Buchan-Hepburn Prime Minister Grantley Herbert Adams (West Indian Federation Labour Party) Creation January 3, 1958 (union of most of British... The British West Indies are those islands in the Caribbean that are or were British colonies. ... ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO). ...
The BWI$ was introduced at the rate of $4.80 per Pound sterling or $1 = 4 shillings 2 pence. Until 1955, it existed only as banknotes and without subdivisions. British coins circulated alongside the BWI$. Coins were introduced in 1955, in denominations of ½, 1, 2, 5, 10, 25 and 50 cents. Each cent was worth one halfpenny in sterling. The dollar (represented by the dollar sign: $) is the name of the official currency in several countries, dependencies and other regions. ... The pound sterling is the official currency of the United Kingdom (UK). ... The shilling was a British coin first issued in 1548 for Henry VIII, although arguably the testoon issued about 1487 for Henry VII was the first shilling. ... Above: A variety of coins considered to be lower-value, including an Irish 2p piece and many US pennies. ...
In 1962, British Guyana and Trinidad and Tobago withdrew from the currency union and eventually the "BWI$" dollar lost its regional support and was replaced in 1965 by the East Caribbean dollar. 1962 was a common year starting on Monday (link will take you to calendar). ... British Guiana was the name of the British colony on the northern coast of South America, now the independent nation of Guyana. ... 1965 (MCMLXV) was a common year starting on Friday (link goes to calendar). ... The East Caribbean dollar is the currency of eight political states in the Organisation of Eastern Caribbean States. ...
The monitary policy of the currency was overseen by the British Caribbean Currency Board (BCCB).
At its widest (west to east), from the Cayman Islands to Barbados it spanned some 2, 425 kilometres (and across approximately 22 degrees of longitude) and from the Turks and Caicos Islands in the north, to the Icacos Point, Trinidad in the south it extended 1,700 kilometres (and across 12 degrees of latitude).
Even though the WestIndies was spread across such a vast area, most of its provinces were mostly contiguous and clustered fairly close together in the Eastern Caribbean, with the obvious exceptions of Jamaica (and the Cayman Islands and Turks and Caicos Islands).
The federation's currency was the WestIndiesdollar, which was later succeeded by the East Caribbean dollar, the Jamaican dollar, the Barbados dollar, and the Trinidad and Tobago dollar.
The name Spanish dollar was used for a Spanish silver coin, the peso, an eight-real coin, which was widely circulated during the 18th century in the Spanish colonies in the New World.
The use of the Spanish dollar and the Maria Theresa thaler as legal tender for the early United States is the reason for the name of the nation's currency.
The dollar was also in use in Scotland during the 17th century, and there is a claim that it was invented at the University of St Andrews.
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