There is no evidence that these notes ever reaching Malaya. Nevertheless, all stocks were destroyed in 1946, as it was feared that the notes from the captured ship might have been handed over by the Germans to their Japanese allies, and were being hoarded in bulk, ready to be passed into circulation when the notes became current. When British forces reoccupied Singapore in September 1945, they found all the abandoned notes of this series, except for a bundle of one thousand dollar notes captured in Penang, in the vaults of the Japanese sub-treasury. In Singapore, 4,200,000 one-dollar and 1,000,000 five-dollar notes were destroyed, and 21,000,000 one-dollar notes and 3,900,000 five-dollar notes shipped to India for safety. When Penang was evacuated in December 1941, 600,000 one-dollar notes and 100,000 five-dollar notes were abandoned in the treasury, where they fell into the hands of the Japanese. Japanese Occupation ĭuring the Japanese Occupation, the Japanese government-issue dollar replaced the Malayan dollar as legal tender.Īt the time of Japanese invasion, stocks of dollar notes were still held in treasury vaults in Singapore and Penang. Only the 10-dollar notes were issued for use in Malaya in March 1941. None of these notes were ever put into circulation by the Straits Settlements Government. Of the remainder, 700,000 one dollar notes and 500,000 five-dollar notes were lost when the SS Automedon was captured and then scuttled on 11 November 1940, by the German raider Atlantis in the Indian Ocean approach to the Malacca Straits and further 500,000 one dollar notes and 100,000 five-dollar notes were lost when the carrying ship, the SS Eumanes, was sunk.
MALYSIA CURRENCY SERIES
However, out of 27,000,000 one dollar notes and 5,600,000 five-dollar notes of the same series despatched to Malaya before the Japanese invasion 25,800,000 one dollar notes and 5,000,000 five-dollar notes arrived. See Malaya and British Borneo dollar.īanknotes in denominations of 1, 5 and 10-dollar notes were printed in the UK for circulation in Malaya in 1940. In 1952 the board was renamed the Board of Commissioners of Currency, Malaya and British Borneo. The board started to issue currency in 1939. 23) of 1938, and ratified by the various states during 1939. Legislation was enacted by the Straits Settlements Currency Ordinance (No. The Blackett Report was adopted by the Government of the Straits Settlements, the Federated Malay States, Unfederated Malay States and Brunei. Sir Basil Phillott Blackett was appointed in 1933 by the Secretary of State for the Colonies to lead a commission to consider the participation of the various Malay States, including Brunei, in the profits and liabilities of the Straits Settlements currency. The Board of Commissioners of Currency, Malaya, came into being in October 1938 following the Blackett Report which recommended that the sole power of issuing currency for the various Malay States, including Brunei, and the Straits Settlements should be entrusted to a pan-Malayan Currency Commission. The Malayan dollar was issued by the Board of Commissioners of Currency, Malaya, with a hiatus during the Japanese occupation (1942–1945). History Board of Commissioners of Currency, Malaya formed It was introduced in 1939, replacing the Straits dollar at par, with 1 dollar = two shillings four pence sterling (60 dollars = 7 pounds). The Malayan dollar ( Malay: ringgit, Jawi: رڠڬيت) was the currency of the British colonies and protectorates in Malaya and Brunei until 1953.
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