During the Japanese occupation period (1942–1945), paper money was issued in denominations ranging from 1 cent to 1,000 dollars. This currency was fixed at 1 dollar = 1 Japanese yen, compared to a 1:2 pre-war rate. Following the war, the Japanese occupation currency was declared worthless and the previous issues of the Sarawakian dollar regained their value relative to sterling (two shillings four pence).
Coins
A 10 cent coin minted in 1920 bearing the portrait of Charles Vyner Brooke.A 1 cent coin minted in 1870 bearing the portrait of Charles Brooke.
All Sarawak coins carry the portrait and the name of one of the three "White Rajahs" of Sarawak, James Brooke until 1868, Charles Brooke from 1868 to 1917, and Charles Vyner Brooke from 1917 to the end of this currency in 1938.[citation needed] Throughout the history of the Sarawak dollar, coins were minted in values of 1⁄4 cent, 1⁄2 cent, 1 cent, 5 cents, 10 cents, 20 cents, and 50 cents. The copper 1⁄4 was the smallest denomination and the first to be discontinued, last being issued in 1896. The 1⁄2 was also always copper and after reductions in size was eventually discontinued in 1933. Starting in 1892 1 cent coins had a hole in the centre, but the holed design was discontinued after 1897.[citation needed]
In 1920 the 1 cent coin was struck in copper-nickel but later reverted to bronze in 1927. The 5 and 10 cent coins were 80% silver until 1920, when they were briefly reduced to 40% silver and then replaced by copper-nickel the same year. The 20 and 50 cent coins remained silver but in 1920 were reduced from 80% to 40%.[1]
Banknotes
The first series was issued by the Sarawak Government Treasury. They were hand-stamped notes of low quality. All later notes were issued by the Government of Sarawak except for the 10-cent and 25-cent notes in 1919 (by the Treasury again). Throughout its history, banknotes came in the values of 5 cents, 10 cents, 20 cents, 25 cents, 50 cents, $1, $5, $10, $25, $50, and $100.[2]
^George S, Cuhaj (2005). 2006 Standard Catalog of world coins (1901 to present). US: KP Books. p. 1888. ISBN0-87349-987-5.
^George S, Cuhaj (2008). Sarawak - Standard Catalog of World paper money - General Issues - (1368–1960) (12th ed.). US: Krause Publications. p. 1049. ISBN978-0-89689-730-4.
Succeeded by: Japanese government-issued dollar Location: present day Malaysia, Singapore, Brunei Reason: Japanese occupation Ratio: at par Note: The Japanese allowed the former currencies to circulate, but they were in practice hoarded as a more reliable store of value.
Succeeded by: Malaya and British Borneo dollar Reason: creation of a common Board of Commissioners of Currency Ratio: at par, or 60 dollars = 7 British pounds
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