Thursday, August 15, 2024

A Story of British Colonial Banknotes & Coins During World War Two

Many years ago, one of my elderly work colleagues had told me that his elder brother was a successful businessman before World War Two. 

His brother had hoarded many stacks of those British colonial banknotes used in Malaya, Borneo, and Singapore. 

When the Japanese soldiers invaded the region and fearing persecution, his brother burned all those stacks of colonial banknotes instead of burying or hiding them.

After the war was over and when the British returned to the colonies, all those colonial banknotes (and coins too) were recognized as legal tender for circulation, and their purchasing power had remained the same if not more. 

Just half cent or one cent could buy a cup of hot coffee!

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