The West Indies Daler ( Dat. Vestindiske daler ) is the monetary unit of the Danish West Indies from 1849-1917.
| West indian daler | |||
|---|---|---|---|
Vestindiske daler (Danish) | |||
| |||
| Territory of circulation | |||
| Danish West Indies | |||
| Derivative and parallel units | |||
| Fractional | Frank ( 1 ⁄ 5 ) | ||
| Cent ( 1 ⁄ 100 ) | |||
| Bit ( 1 ⁄ 500 ) | |||
| Story | |||
| Introduced | 1849 year | ||
| Predecessor currency | West indian rigsdaler | ||
| Retirement | 1934-1935 years | ||
| Successor currency | U.S. dollar | ||
| Issue and production of coins and banknotes | |||
| Emission Center (Regulator) | West Indies State Treasury National Bank of the Danish West Indies | ||
Content
- 1 History
- 2 Coins and banknotes
- 3 notes
- 4 Literature
History
The West Indies Daler was introduced in 1849 instead of the West Indies Rigsdaler .
In 1849, the State Treasury of the West Indies began issuing banknotes in dalers. The denomination on banknotes, except for the Danish language (in dalers), was also indicated in English (in dollars). Banknotes of three issues were issued: 1849, 1860 and 1898. In circulation, foreign coins were used, on which the overprint was applied in the form of a monogram "FR" with a crown. In 1859, coin minting in cents began . Banknotes of the Bank of St. Thomas were also used in circulation, which issued banknotes in dollars in 1837-1889.
In 1904, the Danish West Indies National Bank was established, which received the exclusive right to issue. The money system has been changed: Daler = 5 francs = 100 cents = 500 bits. In 1904, the production of coins of a new type began, in 1905 - banknotes of the National Bank in francs. Denominations on coins were indicated in two units: cents and bits, francs and cents, dealers and francs. Silver and gold coins were minted in accordance with the norms of the Latin Monetary Union , the franc corresponded to the French franc .
In 1917, Denmark sold its possessions in the West Indies to the United States of America . The transfer took into account obligations to the National Bank of the Danish West Indies, which in 1904 received the exclusive right to issue money for 30 years. As a result, even though the islands became the territory of the United States, the legal tender for them was the daler, and not the US dollar. After a 30-year period, on July 14, 1934, an official decree was issued that a year later, that is, July 14, 1935, the former Danish colonial currency ceases to be legal tender. Money was exchanged at the rate of 0.965 US dollars per daler, or 0.193 per franc. [1] [2]
Coins and Banknotes
Banknotes issued:
- State Treasury of the West Indies: 2, 3, 5, 10, 50, 100 dealers;
- National Bank of the Danish West Indies: 5, 10, 20, 100 francs [3] .
Coins were minted:
- in 1859-1883: 1, 3, 5, 10, 20 cents [4] ;
- in 1904-1913: 1 ⁄ 2 cents - 2 1 ⁄ 2 bits, 1 cent - 5 bits, 2 cents - 10 bits, 5 cents - 25 bits, 10 cents - 50 bits, 1 franc - 20 cents, 2 francs - 40 cents, 4 dealers - 20 francs, 10 dealers - 50 francs [5] .
Notes
- ↑ Legislation // Annual Report of the Department of the Interior / Secretary of the Interior. Alaska - Hawaii - Virgin islands. - Washington: Government printing office, 1934. - P. 4.
- ↑ Sieg, Frovin. Siegs seddelkatalog, Danmark 1695-1997: Dansk Vestindien, Slesvig-Holsten samt De Nordatlantiske Øer: Færøerne, Grønland, Island, Svalbard, Bjørnøen. - Aalborg: Pilegaards Förlag, 1997 .-- P. 151. - 280 p. - ISBN 8790025164 .
- ↑ Cuhaj, 2008 , pp. 431-432.
- ↑ Cuhaj, 2009 , pp. 278.
- ↑ Cuhaj, 2011 , pp. 672-673.
Literature
- Cuhaj G., Michael T., Miller H. Standard Catalog of World Coins 1801-1900. - 6th ed. - Iola: Krause Publications, 2009 .-- 1296 p. - ISBN 978-0-89689-940-7 .
- Cuhaj G., Michael T., Miller H. Standard Catalog of World Coins 1901-2000. - 39th ed. - Iola: Krause Publications, 2011 .-- 2345 p. - ISBN 978-1-4402-1172-8 .
- Cuhaj GS Standard Catalog of World Paper Money. General Issues 1368-1960. - 12th ed. - Iola: Krause Publications, 2008 .-- 1223 p. - ISBN 978-0-89689-730-4 .