British North Borneo dollar

British North Borneo dollar

One dollar note dated 1940
Unit
Symbol	$‎
Denominations
Subunit
1⁄100	cent
Banknotes	25, 50 cents, $1, $5, $10, $25
Coins	1⁄2, 1, 21⁄2, 5, 25 cents
Demographics
Replaced by	Malaya and British Borneo dollar
User(s)	North Borneo
Issuance
Central bank	British North Borneo Company
Valuation
Pegged with	Pound sterling at -/2/4d
This infobox shows the latest status before this currency was rendered obsolete.

The British North Borneo dollar was the currency of British North Borneo from 1882 to 1953. It was subdivided into 100 cents. The dollar had remained at par with the Straits dollar (and its successor the Malayan dollar), the currency of Malaya and Singapore, at the value of one dollar to 2 shillings 4 pence sterling from its introduction until both currencies were replaced by the Malaya and British Borneo dollar in 1953. Both coins and banknotes were issued by the British North Borneo Company.

During the Japanese occupation period (1942–1945), paper money was issued in denominations ranging from 1 cent to 1000 dollars. This currency was fixed at 1 dollar = 1 Japanese yen, compared to a 1:2 pre-war rate. Following the war, the Japanese occupation currency was declared worthless and the previous issues of the British North Borneo dollar regained their value relative to sterling (two shillings four pence).