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Board of Commissioners of Currency Malaya and British Borneo

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.

This agreement became effective on 1 January 1952. The Board consisted of five members:

Financial Secretary of Singapore who was also the Chairman of the Board

Minister of Finance for the Federation of Malaya

Governor of Sarawak

Governor of North Borneo

British Resident of Brunei

and two further appointed by agreement of the participating governments.

End of common currency

On 12 June 1967, the currency union came to an end and Malaysia, Singapore and Brunei each began issuing their own currencies. The currencies of the three countries were interchangeable at par value under the Interchangeability Agreement until 8 May 1973 when the Malaysian government decided to terminate it. Brunei and Singapore continue with the Agreement until the present day.

The Board of Commissioners of Currency Malaya and British Borneo was officially wound up on 30 November 1979.                                                                                                                                           Courtesy: Wikipedia

CL1   We gratefully acknowledge collector CL1 for these images.

SN   We gratefully acknowledge Pete at Staples Numismatics for these images.

TH    We gratefully acknowledge Tod Hunt for these images.

AB    We gratefully acknowledge AB for these images.