Newfoundland Dollar - Banknotes

Banknotes

In 1865, one chartered bank, the Commercial Bank of Newfoundland began issuing notes denominated in pounds and dollars, using a rate of 4 dollars = 1 pound. As this rate matches the rate used in Canada at the time, it may be that these notes were not intended for use as Newfoundland dollars. In the 1880s, both the Commercial Bank and the Union Bank of Newfoundland issued notes denominated solely in dollars. Denominations of 2, 5, 10, 20 and 50 dollars were issued. However, in 1894, both banks crashed.

The Department of Public Works introduced government cash notes in 1901 in denominations of 40, 50 and 80 cents, 1 and 5 dollars. In 1910, 25 cents and 2 dollars were added. In 1920, the Treasury introduced 1 and 2 dollar notes.