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New Guinean pound
Unit
Plural
Symbol
£
Denominations
Subunit
1⁄20
shilling
1⁄240
penny
Plural
penny
pence
Symbol
shilling
s or /–
penny
d
Coins
1⁄2d, 1d, 3d, 6d, 1/–
Demographics
User(s)
Territory of New Guinea
Valuation
Pegged with
Australian pound at par
This infobox shows the latest status before this currency was rendered obsolete.
The pound was the currency of the Australian Territory of New Guinea between 1915 and 1966, and replaced the New Guinean mark when Australia occupied the former German colony at the end of World War I. The New Guinean pound was subdivided into 20 shillings, each of 12 pence, and was equal to the Australian pound.
No banknotes were ever issued; all denominations larger than one shilling were Australian currency.
The Australian pound currency circulated alongside coins issued specifically for New Guinea between 1929 and 1945.[1] New Guinean coins ceased to be produced in 1945.
Between 1942 and 1945, the Oceanian pound circulated, issued by the Japanese occupiers. Australian coins and banknotes resumed circulation after the war and continued until the Papua New Guinean kina, which was introduced on 19 April 1975, replaced the Australian dollar at par. The Australian dollar continued to be legal tender in PNG until 1 January 1976 when it was withdrawn.
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