Malaya and British Borneo dollar | |
---|---|
Ringgit (Malay) رڠڬيت (Malay) |
|
Malaya & British Borneo $1 note issued in 1959
|
|
Denominations | |
Subunit | |
1/100 | cent |
Symbol | $ |
Banknotes | 1, 5, 10, 50, 100, 1000, 10,000 dollars |
Coins | 1, 5, 10, 20, 50 cents |
Demographics | |
User(s) | Malaya, Singapore, Brunei, North Borneo and Sarawak |
Issuance | |
Central bank |
Malayan and British Borneo Board of Commissioners of Currency Bank Negara Malaysia |
The Malaya and British Borneo dollar (known as the ringgit in Malay, Jawi: رڠڬيت) was the currency of Malaya, Singapore, Sarawak, North Borneo, Brunei and Riau archipelago from 1953 to 1967 and was the successor of the Malayan dollar and Sarawak dollar, replacing them at par. The currency was issued by the Board of Commissioners of Currency, Malaya and British Borneo. Prior to 1952, the board was known as the Board of Commissioners of Currency, Malaya.
The Malaya and British Borneo dollar was used in Malaya after independence in 1957, and in Malaysia after its formation in 1963, as well as in Singapore after its independence in 1965. After 1967, the two countries and Brunei ended the common currency arrangement and began issuing their own currencies. However, the Malaya and British Borneo dollar continued to be legal tender until 16 January 1969. The currency was also being used in the Riau Archipelago in Indonesia prior to 1963.
The Currency Ordinance No. 44 of 1952 of the Crown Colony of Singapore, No. 33 of 1951 of the Federation of Malaya, No. 10 of 1951 of North Borneo and No. 1 of 1951 of Sarawak implemented an agreement between those governments and the State of Brunei for the establishment of a Board of Commissioners of Currency to be the sole issuing authority in British Malaya and British Borneo.