West Indian dollar

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The West Indian Dollar (BWI $, English West Indies Dollar ) was a currency that was introduced in 1935 .

It was originally used by the various British overseas territories and colonies in the Caribbean . It later served as the official currency of the West Indian Federation . In 1964 , Trinidad and Tobago left the monetary union, whereupon the BWI $ was replaced by the East Caribbean dollar in 1965 .

With the introduction of the West Indies Dollar, the United Kingdom tried to create a uniform system within its West Indian overseas territories. The monetary policy of the monetary union was overseen by the British Caribbean Currency Board (BCCB).

The official ISO 4217 code was XBWD. Colloquially, the currency was also called "Beewee".

The BWI $ was introduced at a rate of 1 pound sterling = 4.80 BWI $, so 1 BWI $ = 4 shillings , 2 pence. Until 1955 it only existed in the form of banknotes. For this reason, British coins were also in circulation. Thereafter, coins with face values ​​of ½, 1, 2, 5, 10, 25 and 50 cents were issued.