Local Name: | New Brunswick pound |
Local Name Lang: | en-CA |
Subunit Name 1: | shilling |
Subunit Name 2: | penny |
Subunit Name 3: | sou |
Plural: | pounds |
Plural Subunit 1: | shillings |
Plural Subunit 2: | pence |
Plural Subunit 3: | sous |
Symbol: | £ |
Symbol Subunit 1: | s or /– |
Symbol Subunit 2: | d |
Date Of Introduction: | 1841 |
Date Of Withdrawal: | 1860 |
Replaced By Currency: | New Brunswick dollar |
Value: | £1 = $4 |
Obsolete: | yes |
The pound was the currency of New Brunswick until 1860. It was divided into 20 shillings, each of 12 pence, with the dollar (initially the Spanish dollar) circulating at a value of 5/– (the Halifax rating).
In 1852, New Brunswick adopted the same standard for its pound as the Province of Canada was using,[1] with £1 stg. = £1.4s.4d local currency (see Canadian pound). The pound was replaced by the dollar in 1860, at a rate of 1 dollar = 5 shillings.
In addition to sterling coin and Spanish dollars, copper tokens were issued in 1834 and 1854 in denominations of d and 1d.
Five chartered banks issued notes, the Bank of Fredericton (1837-1838), the Bank of New Brunswick (1820-1860), the Central Bank of New Brunswick (1847-1860), the Charlotte County Bank (1852-1859) and the Commercial Bank of New Brunswick (1837-1860). Denominations issued were 5/–, 7/– and 10/–, £1, £2, £3, £5, £10 and £25. Some of the Bank of New Brunswick and Central Bank of New Brunswick's notes also bore the denomination in dollars.