New Brunswick pound facts for kids
Quick facts for kids New Brunswick pound |
|
|---|---|
| User(s) |  New Brunswick |
| Subunit | |
| 1⁄20 | shilling |
| 1⁄240 | penny |
| 1⁄480 | sou |
| Symbol | £ |
| shilling | s or /– |
| penny | d |
| Plural | pounds |
| shilling | shillings |
| penny | pence |
| sou | sous |
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).
History
In 1852, New Brunswick adopted the same standard for its pound as the Province of Canada was using, 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
In addition to sterling coin and Spanish dollars, copper tokens were issued in 1834 and 1854 in denominations of 1⁄2d and 1d.
Banknotes
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
