British Columbia dollar
Encyclopedia
The dollar was the currency of British Columbia
between 1865 and 1871. It replaced the British pound at a rate of 1 pound = 4.866 dollars and was equivalent to the Canadian dollar
, which replaced it. The dollar was subdivided into 100 cents. No distinct coins were issued, with Canadian coins circulating.
The dollar was adopted as the currency of the then separated colony of Vancouver Island
in 1863. It therefore became the currency of the united colony
formed in 1866.
notes were introduced in 1862, denominated in dollars. The Treasury notes were in denominations of 5, 10 and 25 dollars, whilst the banknotes, issued by the Bank of British Columbia
, were in denominations of 1, 5, 20, 50 and 100 dollars.
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
between 1865 and 1871. It replaced the British pound at a rate of 1 pound = 4.866 dollars and was equivalent to the Canadian dollar
Canadian dollar
The Canadian dollar is the currency of Canada. As of 2007, the Canadian dollar is the 7th most traded currency in the world. It is abbreviated with the dollar sign $, or C$ to distinguish it from other dollar-denominated currencies...
, which replaced it. The dollar was subdivided into 100 cents. No distinct coins were issued, with Canadian coins circulating.
The dollar was adopted as the currency of the then separated colony of Vancouver Island
Vancouver Island
Vancouver Island is a large island in British Columbia, Canada. It is one of several North American locations named after George Vancouver, the British Royal Navy officer who explored the Pacific Northwest coast of North America between 1791 and 1794...
in 1863. It therefore became the currency of the united colony
United Colonies of Vancouver Island and British Columbia
The Colony of British Columbia is a crown colony that resulted from the amalgamation of the two former colonies, the Colony of Vancouver Island and the mainland Colony of British Columbia...
formed in 1866.
Banknotes
Although the dollar was only adopted as the official currency of the colony in 1865, both Treasury and chartered bankBanking in Canada
Banking in Canada is widely considered the most efficient and safest banking system in the world, ranking as the world's soundest banking system for the past three years according to reports by the World Economic Forum. Released at October 2010, Global Finance magazine put Royal Bank of Canada at...
notes were introduced in 1862, denominated in dollars. The Treasury notes were in denominations of 5, 10 and 25 dollars, whilst the banknotes, issued by the Bank of British Columbia
Bank of British Columbia
There have been two Canadian banks with the name Bank of British Columbia.-The first bank:The first was established by Royal Charter in 1862, with its head office in London. Between 1862 and 1871 it issued dollar banknotes. By 1885 it had branches in San Francisco, Portland, Oregon , Victoria,...
, were in denominations of 1, 5, 20, 50 and 100 dollars.