Paper Money
In 1882, the first private banknotes were issued, denominated in dollars. It was pegged to sterling with 1 dollar = 4 shillings 2 pence. In 1935, the British West Indies dollar was introduced, equal in value to all other dollars circulating in the British West Indies. Private banks continued to issue notes until 1941. The British West Indies dollar was replaced in 1965 by the East Caribbean dollar.
Read more about this topic: Saint Vincent Dollar
Famous quotes containing the words paper and/or money:
“Once, when lying in bed with no paper at hand, he began to sketch the idea for a new machine on the back of his wife’s nightgown. He asked her if she knew the figure he was drawing. “Yes,” she answered, “the figure of a fool.””
—For the State of New Jersey, U.S. public relief program (1935-1943)
“Those who have money go abroad in the world, but those who have no suitable clothes are reluctant to do so.”
—Chinese proverb.