The pound was the currency of New Brunswick until 1860. It was divided into 20 shillings, each of 12 pence, with the dollar (initially the Spanish dollar) circulating at a value of 5/– (the Halifax rating).

New Brunswick pound
New Brunswick pound (Canadian English)
Unit
Pluralpounds
Symbol£
Denominations
Subunit
120shilling
1240penny
1480sou
Plural
shillingshillings
pennypence
sousous
Symbol
shillings or /–
pennyd
Demographics
Date of introduction1841
Date of withdrawal1860
Replaced byNew Brunswick dollar
User(s) New Brunswick
Valuation
Value£1 = $4
This infobox shows the latest status before this currency was rendered obsolete.

History

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In 1852, New Brunswick adopted the same standard for its pound as the Province of Canada was using,[1] with £1 stg. = £1.4s.4d local currency (see Canadian pound). The pound was replaced by the dollar in 1860, at a rate of 1 dollar = 5 shillings.

Coins

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In addition to sterling coin and Spanish dollars, copper tokens were issued in 1834 and 1854 in denominations of 12d and 1d.

Banknotes

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Five chartered banks issued notes, the Bank of Fredericton (1837-1838), the Bank of New Brunswick (1820-1860), the Central Bank of New Brunswick (1847-1860), the Charlotte County Bank (1852-1859) and the Commercial Bank of New Brunswick (1837-1860). Denominations issued were 5/–, 7/– and 10/–, £1, £2, £3, £5, £10 and £25. Some of the Bank of New Brunswick and Central Bank of New Brunswick's notes also bore the denomination in dollars.

See also

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References

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  1. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2007-11-28. Retrieved 2007-11-24.{{cite web}}: CS1 maint: archived copy as title (link) A History of the Canadian Dollar