Time Period: 1860-1882

Timeline

  • 17.11.1862
  • Law [Currency Act, Cap. 63 (25 Vict)] on the adoption of the decimal currency system for Vancouver Island; effective 01.01.1863. Adapted ratings:
    - Gold: 1 British Sovereign at 4.85 Vancouver Dollars; 10 US Dollars (1837) at 10 Vancouver Dollars
  • 28.11.1862
  • Start of issuance of paper money by the Bank of British Columbia (Victoria, Vancouver Island)
  • around 1862
  • Planned issuance of gold coins of 20, 10 Dollars (possibly referring to US currency); not implemented, only a few trial strikes were produced
  • around 1862
  • Planned issuance of treasury (possibly referring to US currency); not implemented, only a few trial prints were produced
  • 04.03.1865
  • Ordinance [Decimal Currency, Cap. 8 (28 Vict)] on the adoption of the decimal currency system for British Columbia; effective 01.01.1866. Adapted ratings:
    - Gold: 1 British Sovereign at 4.85 British Columbia Dollars; 10 US Dollars (1837) at 10 British Columbia Dollars
    - Silver: British Crown of 5 Shillings at 1.25 British Columbia Dollars; 1 US Dollar at 1 British Columbia Dollars.
  • 21.03.1881
  • Canadian law [Cap. 4 (44 Vict)] on the adoption of the Canadian Dollar at a rate of 1 Canadian Dollar = 1 British Columbia Dollar; effective 01.07.1881

Valuation Regimes

  • 1860-1871
  • Fixed rate against British Pound

Rate Arrangements

  • 01.01.1863
  • Fixed
  • British Pound at 1 : 4.85 - [Gold parity] 1'509.77mg AU fine
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