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North Carolina pound

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North Carolina pound
North Carolina £3 banknote (obverse)North Carolina £3 banknote (reverse)
Unit
Pluralpounds
Symbol£
Denominations
Banknotes
 Freq. used£1, £2, £5
 Rarely used£3
CoinsNone
Demographics
User(s)Province of North Carolina
Issuance
Central bankNorth Carolina Treasury
Valuation
Pegged withsterling at £1 N.C. = 15/- STG (£0.75 STG)

The pound (symbol: £) was the currency of North Carolina until 1793. Initially, sterling coin circulated, supplemented from 1709 by the introduction of colonial currency denominated in pounds, shillings and pence in 1712. The North Carolina currency was worth less than sterling, with a rating of 1 North Carolina shilling = 9 pence sterling (or 1 North Carolina pound to 15 shillings sterling). The first issue of paper money was known as "Old Tenor" money. In 1748, "New Tenor" paper money was introduced, worth 7+1⁄2 times the Old Tenor notes.

The State of North Carolina issued continental currency denominated in £sd and Spanish dollars at the York rating of 1 dollar = 8 shillings. The continental currency was replaced by the U.S. dollar at a rate of 1000 continental dollars = 1 U.S. dollar.

Notes

  1. Newman, 2008, p. 313.
  2. Newman, 2008, p. 316.

References

Currency units named pound, lira, or similar
Circulating
Local alternative currency
Obsolete and historical
Historical antecedents (mass)
See also
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