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- Dominican_dollar abstract "The history of currency in the British colony of Dominica closely follows that of the British Eastern Caribbean territories in general. Even though Queen Anne's proclamation of 1704 brought the gold standard to the West Indies, silver pieces of eight (Spanish dollars and later Mexican dollars) continued to form a major portion of the circulating currency right into the latter half of the nineteenth century.Britain adopted the gold standard in 1821 and an imperial order-in-council of 1838 resulted in Dominica formally adopting the sterling currency in the year 1842. However, despite the circulation of British silver coins in Dominica, the silver pieces of eight continued to circulate alongside them, and the private sector continued to use dollar accounts for reckoning. The international silver crisis of 1873 signalled the end of the silver dollar era in the West Indies and silver dollars were demonetized in Dominica in the wake of this crisis for fear that a silver standard might return. Even though the British sterling coins were made of silver, they were fractional coins of the British gold sovereign and hence they maintained their gold value. This left a state of affairs, in which the British coinage circulated, being reckoned in dollar accounts at an automatic conversion rate of 1 dollar = 4 shillings 2 pence.From 1949, with the introduction of the British West Indies dollar, the currency of Dominica became officially tied up with that of the British Eastern Caribbean territories in general. The British sterling coinage was eventually replaced by a new decimal coinage in 1955, with the new cent being equal to one half of the old penny.The fixed exchange rate of $4.80 = £1 sterling (equivalent to the old $1 = £4 2s 0d) continued right up until 1976.".
- Dominican_dollar wikiPageID "8017393".
- Dominican_dollar wikiPageRevisionID "544596045".
- Dominican_dollar hasPhotoCollection Dominican_dollar.
- Dominican_dollar subject Category:History_of_Dominica.
- Dominican_dollar subject Category:Modern_obsolete_currencies.
- Dominican_dollar type Abstraction100002137.
- Dominican_dollar type Currency113385913.
- Dominican_dollar type Measure100033615.
- Dominican_dollar type MediumOfExchange113372961.
- Dominican_dollar type ModernObsoleteCurrencies.
- Dominican_dollar type Standard107260623.
- Dominican_dollar type SystemOfMeasurement113577171.
- Dominican_dollar comment "The history of currency in the British colony of Dominica closely follows that of the British Eastern Caribbean territories in general.".
- Dominican_dollar label "Dollaro dominicano".
- Dominican_dollar label "Dominican dollar".
- Dominican_dollar sameAs Dollaro_dominicano.
- Dominican_dollar sameAs m.026npjl.
- Dominican_dollar sameAs Q3712673.
- Dominican_dollar sameAs Q3712673.
- Dominican_dollar sameAs Dominican_dollar.
- Dominican_dollar wasDerivedFrom Dominican_dollar?oldid=544596045.
- Dominican_dollar isPrimaryTopicOf Dominican_dollar.