The skilling was the Scandinavian equivalent of the schilling or shilling. It was used as a subdivision of the Swedish riksdaler, the Danish rigsdaler, the Norwegian rigsdaler, from 1625 to 1873, one Danish skilling was equivalent to 1⁄96 of a rigsdaler. The word is used colloquially for an unspecified but presumably low amount of money. During the 19th century, one Swedish skilling was equivalent to 1⁄48 of a riksdaler and it was in usage between 1776-1855. One Norwegian skilling was from 1816 equivalent to 1⁄120 of a speciedaler, before that 1⁄120 of a rigsdaler specie and it was introduced in Norway early 16th century and cancelled 1875
New Taiwan dollar
The New Taiwan dollar has been the currency of Taiwan since 1949, when it replaced the Old Taiwan dollar. Originally issued by the Bank of Taiwan, it has been issued by the Central Bank of the Republic of China since 2000, the currency code is TWD, and its common abbreviation is NT$. The Chinese term equivalent to New Taiwan dollar, 新臺幣 or 新台幣, is used only in contexts where it is necessary to avoid any ambiguity, such as banking, contracts, in common usage, the unit is typically referred to as yuán. In Taiwan, the character for yuan can be written in either of two forms, an informal 元 or a formal 圓, which are interchangeable, colloquial alternatives for the currency unit include the Mandarin kuài, meaning piece, and the Taiwanese Hokkien kho͘. In English usage the new Taiwan dollar is often abbreviated as NT, NT$, NT Dollar or NTD, subdivisions of a new Taiwan dollar are rarely used, since practically all products on the consumer market are sold in whole dollars. The New Taiwan dollar was first issued by the Bank of Taiwan on June 15,1949, the first goal of the New Taiwan dollar was to end the hyperinflation that had plagued Nationalist China due to the Chinese Civil War.
After the communists captured Beijing in January 1949, the Nationalists began to retreat to Taiwan, chinas gold reserve was moved to Taiwan in February. The government declared in the Temporary Provisions Effective During the Period of Communist Rebellion that dollars issued by the Bank of Taiwan would become the new currency in circulation. Even though the New Taiwan dollar was the de facto currency of Taiwan, the value of the silver yuan was decoupled from the value of silver during World War II. Many older statutes have fines and fees given in this currency, according to statute, one silver yuan is worth three New Taiwan dollars. Despite decades of inflation, this ratio has not been adjusted and this made the silver yuan a purely notational currency long ago, nearly impossible to buy, sell, or use. In July 2000, the New Taiwan dollar became Taiwans legal currency and it is no longer secondary to the silver yuan. At this time, the bank began issuing New Taiwan dollar banknotes. The exchange rate compared to the United States dollar has varied from less than ten to one in the mid-1950s, more than forty to one in the 1960s, the exchange rate as of March 2017 is 30.2 to one.
The denominations of the Taiwan dollar in circulation are, Coins are minted by the Central Mint of China, both are run by the Central Bank. The NT$ 1⁄2 coin is rare because of its low value, while the NT$20 coin is rare because of the lack of willingness to promote it. As of 2010, the cost of the raw materials in a NT$ 1⁄2 coin was more than the value of the coin. 中華民國XX年 = Minguo XX. 中華民國 is the state title Republic of China, 莫那魯道 = Mona Rudao, anti-Japanese leader at the Wushe Incident
The Singaporean dollar is the official currency of Singapore. It is normally abbreviated with the dollar sign $, or alternatively S$ to distinguish it from other dollar-denominated currencies and it is divided into 100 cents. The Singaporean dollar is accepted as customary tender in Brunei according to the Currency Interchangeability Agreement, the Bruneian dollar is customarily accepted in Singapore. Between 1845 and 1939, Singapore used the Straits dollar and this was replaced by the Malayan dollar, from 1953, the Malaya and British Borneo dollar, which were issued by the Board of Commissioners of Currency and British Borneo. Singapore established the Board of Commissioners of Currency, Singapore, on 7 April 1967 and issued its first coins, the Singapore dollar was exchangeable at par with the Malaysian ringgit until 1973, and interchangeability with the Brunei dollar is still maintained. Initially, the Singaporean dollar was pegged to the British pound sterling at a rate of S$60 = £7. This peg lasted until the demise of the Sterling Area due to the Nixon Shock in the early 1970s and this, in theory, allows the Singaporean government to have more control over imported inflation and to ensure that Singapores exports remain competitive.
Before 1970, the various functions associated with a central bank were performed by several government departments. Therefore, the Parliament of Singapore passed the Monetary Authority of Singapore Act in 1970, the MAS Act gave the MAS the authority to regulate all elements of monetary and financial aspects of Singapore. On 31 March 2003, the Board of Commissioners of Currency Singapore merged with the Monetary Authority of Singapore, as of 2012, the total currency in circulation was S$29.1 billion. All issued Singapore currency in circulation are fully backed by assets in its Currency Fund to maintain public confidence. Singapores foreign reserves officially stood at over US$277.9 billion, in 1967, the first series of coins was introduced in denominations 1,5,10,20 and 50 cents and 1 dollar. These coins depicted wildlife and other relating to the island nation and were designed by Stuart Devlin. The sizes were the same as used for the Malaysian Ringgit and based directly off the old coinage of the former Malaya.
The 1 cent was bronze while the other denominations were copper-nickel, later, in 1976 the 1 cent was changed to copper-clad steel. The production of the first series was phased out by 1985, in 1985, the second series of coins were introduced in denominations 1,5,10,20 and 50 cents and 1 dollar. The reverse of coins were designed by Christopher Ironside. The new series offered smaller coins depicting a floral theme, one dollar banknotes were discontinued and gradually replaced with an aluminum-bronze coin
The Bruneian dollar, has been the currency of the Sultanate of Brunei since 1967. It is normally abbreviated with the dollar sign $, or alternatively B$ to distinguish it from other dollar-dominated currencies and it is divided into 100 sen or cents. The Bruneian dollar is managed together with the Singapore dollar at a 1,1 ratio by the Monetary Authority of Singapore, early currency in Brunei included cowrie shells. Brunei is famous for its bronze teapots, which were used as currency in trade along the coast of northern Borneo. Brunei issued tin coins denominated in pitis in AH1285 and these were followed by a one cent coin in AH1304. This cent was one hundredth of a Straits dollar, the Bruneian dollar replaced the Malaya and British Borneo dollar in 1967 after the formation of Malaysia and the independence of Singapore. Until 23 June 1973, the Malaysian ringgit was exchangeable at par with the Singapore dollar, the Monetary Authority of Singapore and the Brunei Currency and Monetary Board (now the Authoriti Monetari Brunei Darussalam still maintain the exchangeability of their two currencies.
The dollar is accepted as customary tender in Singapore according to the Currency Interchangeability Agreement, coins were used in Brunei from the 10th century. The Straits dollar was used in Brunei from 1906. Due to the ties between China and Brunei, the first type of coins used in Brunei were Chinese coins. They were known as ‘Kue’ when local ‘Pitis’ were introduced, the local ‘Pitis’ coins had ‘Sultanate of Brunei’ stamped in front of the coin and the royal umbrella was imprinted at the back. These were issued from the 16th to the 19th century, previous Islamic coins were called the ‘Pitis’. Another type of coin that was used in Brunei were ‘Duit besi’, iron was considered valuable those days that it was used as money. 100 one-square inch pieces were valued at 1 dollar, the last coin to be issued before the introduction of the Straits Settlements currency was the ‘Duit Bintang’, otherwise known as the ‘Star coin’ or the Star Cent. It is called the Star coin because of the star imprinted on the obverse of the coin and it was minted in Birmingham, England, in 1887.
With the introduction of the Straits Settlements currency, the previously used coins were taken out of circulation and they were, however still used with certain exchange rates. The Straits dollar was introduced in Brunei in 1906 and it was replaced by the Malayan dollar which was introduced to British colonies and Brunei in 1939. It replaced the Straits dollar at par with a 1,1 exchange rate, the Malayan dollar was issued by the Board of Commissioners of Currency in Malaya
A currency in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money in common use, under this definition, US dollars, British pounds, Australian dollars, and European euros are examples of currency. These various currencies are recognized stores of value and are traded between nations in exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance, other definitions of the term currency are discussed in their respective synonymous articles banknote and money. The latter definition, pertaining to the systems of nations, is the topic of this article. Currencies can be classified into two systems, fiat money and commodity money, depending on what guarantees the value. Some currencies are legal tender in certain jurisdictions, which means they cannot be refused as payment for debt.
Others are simply traded for their economic value, digital currency has arisen with the popularity of computers and the Internet. Currency evolved from two basic innovations, both of which had occurred by 2000 BC, originally money was a form of receipt, representing grain stored in temple granaries in Sumer in ancient Mesopotamia, Ancient Egypt. In this first stage of currency, metals were used as symbols to represent value stored in the form of commodities and this formed the basis of trade in the Fertile Crescent for over 1500 years. Trade could only reach as far as the credibility of that military and it is not known what was used as a currency for these exchanges, but it is thought that ox-hide shaped ingots of copper, produced in Cyprus, may have functioned as a currency. It is thought that the increase in piracy and raiding associated with the Bronze Age collapse, possibly produced by the Peoples of the Sea, brought the trading system of oxhide ingots to an end. In Africa, many forms of value store have been used, including beads, ivory, various forms of weapons, the manilla currency, the manilla rings of West Africa were one of the currencies used from the 15th century onwards to sell slaves.
African currency is still notable for its variety, and in many various forms of barter still apply. These factors led to the metal itself being the store of value, first silver, now we have copper coins and other non-precious metals as coins. Metals were mined and stamped into coins and this was to assure the individual taking the coin that he was getting a certain known weight of precious metal. Coins could be counterfeited, but they created a new unit of account. Most major economies using coinage had several tiers of coins, using a mix of copper, gold coins were used for large purchases, payment of the military and backing of state activities, they were more often used as measures of account than physical coins
Cook Islands dollar
The dollar is the currency of the Cook Islands. The dollar is subdivided into 100 cents, although some 50 cent coins carry the denomination as 50 tene, until 1967, the New Zealand pound was used on the Cook Islands, when it was replaced by the New Zealand dollar. In 1972, coins were issued specifically for the Cook Islands, the Cook Islands dollar is pegged at par to the New Zealand dollar. The currency of New Zealand and the Cook Islands circulate concurrently within the country, coins have been struck on different occasions mainly by the Royal Australian Mint, the Franklin Mint, and the Perth Mint with the paper currency being printed by De La Rue. In 1972, bronze 1 and 2 cents, and cupro-nickel 5,10,20 and 50 cents, and 1-dollar coins were introduced. All were the size and composition as the corresponding New Zealand coins, however. Each coin depicted plants and items unique to the Cook Islands, in 1983, production of the 1 and 2-cent coins was ceased and the two coins were demonetized. In 1987, a smaller, lighter scallop-edged $1 coin with a similar size and this coin was issued to replace its bulky predecessor. 2003 saw the reintroduction of a 1-cent coin, this time composed of aluminium rather than bronze and these were issued with five different reverses, each commemorating a few of the nations historical themes.
A large, stainless steel 5 cent coin was issued in 2000 centred on FAO, the Cook Islands has a long reputation for frequent monetary oddities. It was one of the last countries to hold on to large crown-sized coins while elsewhere,1988 brought the redesign of the 50-cent piece, quite unique in becoming the first coin in the country to bear a denomination name. Although widely recognized as cents this coin depicts tene, the language equivalent to the English word cent. It abandoned its 1 and 2-cent pieces almost 10 years before both New Zealand and Australia, only to bring the 1 cent back 20 years later. It replaced $1 and $2 notes for two years before New Zealand did, even though the Cook Islands dollar is pegged to the NZD at par. Amidst minting $2 and $5 coins, it issued an oddball $3 note in between the dollar coins as part of the same series. With the reduction in size of the New Zealand 10,20 and 50-cent coins in 2006, however, $1, $2, and $5 pieces remained in use. As part of a reform, new coins were minted in 2015 by the Royal Australian Mint.
The new coins carry similar designs to the ones with the 10,20, and 50 cents struck in nickel-plated steel, while the 1,2
Schleswig-Holstein is the northernmost of the 16 states of Germany, comprising most of the historical duchy of Holstein and the southern part of the former Duchy of Schleswig. Its capital city is Kiel, other cities are Lübeck. Also known in more dated English as Sleswick-Holsatia, the Danish name is Slesvig-Holsten, the Low German name is Sleswig-Holsteen, the name can refer to a larger region, containing both present-day Schleswig-Holstein and the former South Jutland County in Denmark. The term Holstein derives from Old Saxon Holseta Land, originally, it referred to the central of the three Saxon tribes north of the River Elbe, Tedmarsgoi and Sturmarii. The area of the tribe of the Holsts was between the Stör River and Hamburg, and after Christianization, their church was in Schenefeld. Saxon Holstein became a part of the Holy Roman Empire after Charlemagnes Saxon campaigns in the eighth century. Since 811, the frontier of Holstein was marked by the River Eider. The term Schleswig comes from the city of Schleswig, around 1100, the Duke of Saxony gave Holstein, as it was his own country, to Count Adolf I of Schauenburg.
Schleswig and Holstein have at different times belonged in part or completely to either Denmark or Germany, the exception is that Schleswig had never been part of Germany until the Second Schleswig War in 1864. For many centuries, the King of Denmark was both a Danish Duke of Schleswig and a German Duke of Holstein, Schleswig was either integrated into Denmark or was a Danish fief, and Holstein was a German fief and once a sovereign state long ago. Both were for centuries ruled by the kings of Denmark. In the church, following the reformation, German was used in the part of Schleswig. This would prove decisive for shaping national sentiments in the population, the administration of both duchies was conducted in German, despite the fact that they were governed from Copenhagen. The German national awakening that followed the Napoleonic Wars gave rise to a popular movement in Holstein. This development was paralleled by an equally strong Danish national awakening in Denmark and this movement called for the complete reintegration of Schleswig into the Kingdom of Denmark and demanded an end to discrimination against Danes in Schleswig.
The ensuing conflict is called the Schleswig-Holstein Question. e. Not only in the Kingdom of Denmark, but to Danes living in Schleswig, they demanded protection for the Danish language in Schleswig. A liberal constitution for Holstein was not seriously considered in Copenhagen and these demands were rejected by the Danish government in 1848, and the Germans of Holstein and southern Schleswig rebelled
The union was a result of the Austro-Hungarian Compromise of 1867 and came into existence on 30 March 1867. Austria-Hungary consisted of two monarchies, and one region, the Kingdom of Croatia-Slavonia under the Hungarian crown. It was ruled by the House of Habsburg, and constituted the last phase in the evolution of the Habsburg Monarchy. Following the 1867 reforms, the Austrian and the Hungarian states were co-equal, Foreign affairs and the military came under joint oversight, but all other governmental faculties were divided between respective states. Austria-Hungary was a state and one of the worlds great powers at the time. Austria-Hungary was geographically the second-largest country in Europe after the Russian Empire, at 621,538 km2, the Empire built up the fourth-largest machine building industry of the world, after the United States and the United Kingdom. After 1878, Bosnia and Herzegovina was under Austro-Hungarian military and civilian rule until it was annexed in 1908. The annexation of Bosnia led to Islam being recognized as a state religion due to Bosnias Muslim population.
Austria-Hungary was one of the Central Powers in World War I and it was already effectively dissolved by the time the military authorities signed the armistice of Villa Giusti on 3 November 1918. The realms full, official name was The Kingdoms and Lands Represented in the Imperial Council, each enjoyed considerable sovereignty with only a few joint affairs. Certain regions, such as Polish Galicia within Cisleithania and Croatia within Transleithania, enjoyed autonomous status, the division between Austria and Hungary was so marked that there was no common citizenship, one was either an Austrian citizen or a Hungarian citizen, never both. This meant that there were always separate Austrian and Hungarian passports, neither Austrian nor Hungarian passports were used in the Kingdom of Croatia-Slavonia-Dalmatia. Instead, the Kingdom issued its own passports which were written in Croatian and French and it is not known what kind of passports were used in Bosnia-Herzegovina, which was under the control of both Austria and Hungary.
The Kingdom of Hungary had always maintained a separate parliament, the Diet of Hungary, the administration and government of the Kingdom of Hungary remained largely untouched by the government structure of the overarching Austrian Empire. Hungarys central government structures remained well separated from the Austrian imperial government, the country was governed by the Council of Lieutenancy of Hungary – located in Pressburg and in Pest – and by the Hungarian Royal Court Chancellery in Vienna. The Hungarian government and Hungarian parliament were suspended after the Hungarian revolution of 1848, despite Austria and Hungary sharing a common currency, they were fiscally sovereign and independent entities. Since the beginnings of the union, the government of the Kingdom of Hungary could preserve its separated. After the revolution of 1848–1849, the Hungarian budget was amalgamated with the Austrian, from 1527 to 1851, the Kingdom of Hungary maintained its own customs controls, which separated her from the other parts of the Habsburg-ruled territories
The Netherlands, informally known as Holland is the main constituent country of the Kingdom of the Netherlands. It is a densely populated country located in Western Europe with three territories in the Caribbean. The European part of the Netherlands borders Germany to the east, Belgium to the south, and the North Sea to the northwest, sharing borders with Belgium, the United Kingdom. The three largest cities in the Netherlands are Amsterdam and The Hague, Amsterdam is the countrys capital, while The Hague holds the Dutch seat of parliament and government. The port of Rotterdam is the worlds largest port outside East-Asia, the name Holland is used informally to refer to the whole of the country of the Netherlands. Netherlands literally means lower countries, influenced by its low land and flat geography, most of the areas below sea level are artificial. Since the late 16th century, large areas have been reclaimed from the sea and lakes, with a population density of 412 people per km2 –507 if water is excluded – the Netherlands is classified as a very densely populated country.
Only Bangladesh, South Korea, and Taiwan have both a population and higher population density. Nevertheless, the Netherlands is the worlds second-largest exporter of food and agricultural products and this is partly due to the fertility of the soil and the mild climate. In 2001, it became the worlds first country to legalise same-sex marriage, the Netherlands is a founding member of the EU, Eurozone, G-10, NATO, OECD and WTO, as well as being a part of the Schengen Area and the trilateral Benelux Union. The first four are situated in The Hague, as is the EUs criminal intelligence agency Europol and this has led to the city being dubbed the worlds legal capital. The country ranks second highest in the worlds 2016 Press Freedom Index, the Netherlands has a market-based mixed economy, ranking 17th of 177 countries according to the Index of Economic Freedom. It had the thirteenth-highest per capita income in the world in 2013 according to the International Monetary Fund, in 2013, the United Nations World Happiness Report ranked the Netherlands as the seventh-happiest country in the world, reflecting its high quality of life.
The Netherlands ranks joint second highest in the Inequality-adjusted Human Development Index, the region called Low Countries and the country of the Netherlands have the same toponymy. Place names with Neder, Nieder and Nedre and Bas or Inferior are in use in all over Europe. They are sometimes used in a relation to a higher ground that consecutively is indicated as Upper, Oben. In the case of the Low Countries / the Netherlands the geographical location of the region has been more or less downstream. The geographical location of the region, changed over time tremendously
Hong Kong dollar
The Hong Kong dollar is the currency of Hong Kong. It is the thirteenth most traded currency in the world, the Hong Kong dollar is subdivided into 100 cents. It is used in nearby Macau, where the official currency, in formal Cantonese, the 圓 or 元 character is used. In spoken Cantonese, 蚊 is used, perhaps a transliteration of the first syllable of “money”, the dollar is divided into 100 cents, with the character 仙 used on coins and in spoken Cantonese. However, 仙 is now used in the stock market, as now it no longer has a note or coin form due to its small value. The amount of 10 cents is called 1 houh in Cantonese, the mil was known as the man or tsin in Cantonese. To express prices in spoken Cantonese, for example $7.80, the phrase is 七個八, in terms, where integer values in cents exist, e. g. $6.75. A slang term in English sometimes used for the Hong Kong dollar is Honkie, when Hong Kong was established as a free trading port in 1841, there was no local currency in everyday circulation. Foreign currencies such as Indian rupees and Mexican 8 reales, the Chinese did not however receive these new Hong Kong dollars well, and in 1868 the Hong Kong Mint was closed down with a loss of $440,000.
The machinery at the Hong Kong mint was sold first to Jardine Matheson and in turn to the Japanese, in 1873, the international silver crisis resulted in a devaluation of silver against gold-based currencies. London eventually acquiesced and legislation was enacted in attempts to regulate the coinage, new British trade dollars were coined at the mints in Calcutta and Bombay for use in both Hong Kong and the Straits Settlements. In 1906, the Straits Settlements issued their own silver dollar coin and this was the point of departure as between the Hong Kong unit and the Straits unit. By 1935, only Hong Kong and China remained on the silver standard, in that year, Hong Kong, shortly after China, abandoned silver and introduced a crawling peg to sterling of £1 = $15.36 to $16.45. It was from this point in time that the concept of a Hong Kong dollar as a unit of currency came into existence. The One-Dollar Currency Note Ordinance of that led to the introduction of one-dollar notes by the government.
It was not until 1937 that the tender of Hong Kong was finally unified. In 1939, the Hong Kong dollar was put on a peg of $16 = £1. During the Japanese occupation, the Japanese military yen were the means of everyday exchange in Hong Kong
The Namibian dollar has been the currency of Namibia since 1993. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies and it is divided into 100 cents. The dollar replaced the South African rand, which had been the countrys currency while it was under South African rule as South-West Africa from 1920 until 1990. The rand is still tender, as the Namibian dollar is linked to the South African rand. Namibia was part of the Common Monetary Area from independence in 1990 until the introduction of the dollar in 1993, in 1990, moves were under way to replace the rand with a new Namibian currency. The name kalahar was proposed, as the Kalahari Desert is located in eastern Namibia, the name of Namibias central bank was going to be known as the Namibia Reserve Bank. Denominations of this planned currency included 2,5,10 and these plans came to nothing, but some specimen notes were printed in a range of denominations. The Bank of Namibia issued the first banknotes on 15 September 1993 and, in December, Coins in circulation 5 c 10 c 50 c $1 $5 $10 Years of mintage are 1993,1996,1998,2000,2002,2008,2009 and 2010.
However, on 21 March 2012, the Bank of Namibia introduced a new series of banknotes to be issued in May 2012, the new family of banknotes will have the same denomination structure as the current series. The Bank of Namibia has discovered that the diamond-shaped optically variable ink patch on the N$10, the Bank of Namibia has recently issued in limited quantity, the N$10 and N$20 notes on paper with improved quality and shifted the placement of the diamond-shaped optically variable ink feature. The decision fell in favour of the name ‘dollar’ for the new currency, the proof series consisted of four different coins,1 mark,1 dollar,10 marks and 10 dollars. The obverse of the pieces shows a sitting lion where the dollar pieces depict a San with bow and arrow. All obverse sides bear the indication of denomination as well as the remark ‘PROBE’/‘ESSAI’, the reverse of the 1-mark/1-dollar pieces shows Namibia’s former coat of arms surrounded by the inscription ‘NAMIBIA’, the year and two ears of corn.
The ten-mark/ten-dollar pieces bear the inscription ‘INDEPENDENCE’/‘UNABHÄNGIGKEIT’ instead of the ears, there was a series of Namibian pattern coins denominated in South African Rand dated 1990. This short-lived tender was cited in the 2005 edition of Krauses Unusual World Coins
The dollar has been the currency of The Bahamas since 1966. It is normally abbreviated with the dollar sign $, or alternatively B$ to distinguish it from other dollar-denominated currencies and it is divided into 100 cents. The Bahamian dollar is pegged to the U. S. dollar on a one-to-one basis, the dollar replaced the pound at a rate of 1 dollar =7 shillings in 1966. This rate allowed the establishment of parity with the U. S. dollar, to aid in decimalization, three-dollar bills and fifteen-cent coins were created, as three dollars was roughly equivalent to one pound, and fifteen cents to a shilling, at the time of transition. In 1966, coins were introduced in denominations of 1,5,10,15,25,50 cents,1 and 2 dollars. The 1 cent was struck in nickel-brass, the 5,10, and 15 cent in cupronickel, the 25 cent in nickel, the 10 cent was scallop shaped, whilst the 15 cent was square. Silver coins were not issued for circulation after 1966, bronze replaced nickel-brass in the 1 cent in 1970, followed by brass in 1974 and copper-plated zinc in 1985.
In 1989, cupro-nickel 50 cent and 1 dollar coins were issued for circulation, although they did not replace the corresponding banknotes. The current 1 cent coin is about the size of a U. S. dime, the 15 cent coins are still produced by the Central Bank but are not commonly used. All coins now bear the Bahamian Coat of Arms on one side with the words Commonwealth of The Bahamas, the reverses of the coins show objects from Bahamian culture with the value of the coins in words. The 1 cent has three starfish, the 5 cent a pineapple, the 10 cent two bonefish, the 15 cent a hibiscus, and the 25 cent a native sloop. In 1966, the government introduced notes in denominations of ½,1,3,5,10,20,50 and 100 dollars, the Bahamas Monetary Authority took over the issuance of paper money in 1968, issuing the same denominations. The Central Bank of The Bahamas was established on 1 June 1974 and its first issue of notes did not include the ½ and 3 dollar denominations but these were reintroduced in 1984. All banknotes have been undergoing changes to foil forgery in recent years.
All banknotes are the physical size, like the U. S. dollar. The latest counterfeit-proof formula is the Counterfeit Resistant Integrated Security Product, the new $10 banknote was released on August 5,2005, while the $20 banknote was released on September 6,2006. In October 2005, someone counterfeited one of the new CRISP $10 bills, Bahamian authorities warned merchants to look for banknotes that lacked the distinctive watermark. Until a few years ago all notes displayed a portrait of Queen Elizabeth II and this policy is now being reversed, with the return of the Queens portrait to the $10 note