The pound was the currency of Nova Scotia

Nova Scotia

Nova Scotia is one of Canada's three Maritime provinces and is the most populous province in Atlantic Canada. The name of the province is Latin for "New Scotland," but "Nova Scotia" is the recognized, English-language name of the province. The provincial capital is Halifax. Nova Scotia is the...

 until 1860. It was subdivided into 20 shilling

Shilling

The shilling is a unit of currency used in some current and former British Commonwealth countries. The word shilling comes from scilling, an accounting term that dates back to Anglo-Saxon times where it was deemed to be the value of a cow in Kent or a sheep elsewhere. The word is thought to derive...

s, each of 12 pence

Penny

A penny is a coin or a type of currency used in several English-speaking countries. It is often the smallest denomination within a currency system.-Etymology:...

. It was equivalent to the British pound and was replaced by the dollar

Nova Scotian dollar

The dollar was the currency of Nova Scotia between 1860 and 1871. It replaced the Nova Scotian pound at a rate of 5 dollars = 1 pound and was consequently worth less than the Canadian dollar...

in 1860, at a rate of 5 dollars = 1 pound (1 dollar = 4 shillings), although coins and notes of the dollar currency were not issued until 1861.

Tokens

In addition to British coins, copper tokens were issued in 1823 and 1856 in denominations of ½ and 1 penny.

Banknotes

In 1812, the Provincial Government introduced Treasury notes in denominations of 1, 2½, 5 and 50 pounds. Between 1813 and 1830, notes for 1, 2 and 5 pounds were issued. 5 and 10 shilling notes were added in 1830. Along with the Treasury notes, two chartered banks

Banking 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...

issued paper money in Nova Scotia, the Bank of Nova Scotia, and the Halifax Banking Company. The Halifax Banking Company issued notes from 1825, in denominations of 1½, 5, 6, 6½ and 7 pounds, whilst the Bank of Nova Scotia began issuing notes in 1834, with denominations of 1½, 2, 2½, 5, ¼, 6, 7, 7½ and 10 pounds.