Description: 1941 Malaya Straits Settlements $1 One Dollar King George VI Issued in Malaya (present day Malaysia), Singapore and Brunei Pre-War Period: Before the outbreak of World War II, the Board of Commissioners of Currency, Malaya, was responsible for the issuance of currency within the British colonies of the Straits Settlements, which included Singapore, and the Federated Malay States. The currency issued by the board was in wide use across these regions, and its value was initially tied to the British pound sterling. Outbreak of War and Japanese Occupation (1941-1945): With the onset of the Pacific War and the subsequent Japanese invasion and occupation of Malaya and Singapore from 1941 to 1945, the monetary system faced chaos. The invading Japanese forces introduced their currency, often known as "banana money" because of the illustrations on some denominations. This currency was initially promised to be exchangeable for the pre-war currency after the war but quickly became virtually worthless due to hyperinflation. During this period, the functioning of the Board of Commissioners of Currency was severely disrupted. The Japanese dissolved institutions of the British colonial administration, and the official currency issued by the Board was no longer distributed or recognized for transactions. Instead, the Japanese wartime currency became the forced legal tender, though it rapidly lost value and trust among the local population. Post-War Period (After 1945): Following the end of World War II and the surrender of Japan, there was an immediate need to re-establish local administration and institutions, including the monetary system. The pre-war Board of Commissioners of Currency, Malaya, was reinstated. The board faced the colossal task of stabilizing the currency system, which included phasing out the Japanese-issued wartime currency and re-introducing the Malayan dollar. This period was marked by efforts to re-establish a sense of normalcy and rebuild the economy. The board had to manage the circulation of new currency notes and coins, work towards restoring public confidence, and manage the complexities due to the broader political changes happening in the region towards decolonization and eventual independence. Note: Coins & Banknotes Grading Please closely inspect the photos to understand the condition of the coins or banknotes before proceeding with your purchase, as grading can be subjective and varies from person to person. If you have any questions or require additional information, I am more than happy to assist, please feel free to contact me anytime.ShippingComplimentary combined shipping for all banknotes.Buyers are responsible for any applicable customs fees.International shipping duration can vary, typically ranging from 14 to 40 business days for standard delivery. Please be aware that these shipping times are estimates and are subject to the operational efficiencies of the shipping companies, over which we unfortunately have no control.
Price: 20 AUD
Location: Perth, WA
End Time: 2024-11-21T04:56:27.000Z
Shipping Cost: 22.61 AUD
Product Images
Item Specifics
Returns Accepted: ReturnsNotAccepted
Composition: Paper
Era: 1940s
Country: Malaysia
Region of Origin: Asia
Face Value: $1
