Time Period: 1720-1834

Timeline

  • 22.05.1729
  • Law on the adoption of the French currency ordinance of 26.05.1726, making the French Livre the unit of account; effective 25.08.1730:
    - Rating of the British Crown of 5 Shillings (silver) at 31120 French Livres (= 71 Sols).
  • 1811-1814
  • During the cash shortage in the early 19th century, numerous copper tokens were issued by merchants and local banks as in the whole of Great Britain.
  • 18.11.1812
  • Parliamentary resolution on the issuance of silver tokens of 3, 1½ Shillings (= 335, 145 French Livres) by the government; effective immediately (royal assent on 12.12.1812)


Time Period: 1834-

Currency: Jersey Pound


Timeline

  • 18.09.1834
  • Parliamentary resolution on the switch to British accounting and the demonetization of all circulating coins; effective 01.10.1834 (royal assent of 24.06.1835)
  • 13.07.1840
  • Parliamentary resolution on the issuance of copper subsidiary coins of 113, 126, 152 Shillings to ease the transition from the Livre accounting; effective immediately (royal assent on 11.09.1840) and issuance started on 12.11.1841
  • 25.02.1876
  • Parliamentary resolution on the issuance of copper subsidiary coins of 112, 124, 148 Shillings (replacing the coins denominated in 13th of the Shilling, which were not demonetized); effective 24.03.1876 (royal assent of 18.04.1876) and issuance started on ??.??.1877
  • 07.02.1923
  • Parliamentary resolution on the demonetization of the French subsidiary coins of 10, 5 Cents; effective 24.08.1923 (royal assent on 07.04.1923):
    - They were withdrawn until 08.09.1923 and exchange into 1, ½ Penny.
  • 1940-1945
  • German occupation of the Channel Islands:
    - 07.08.1940: Ordinance, declares German banknotes and coins legal tender (on 15.08.1940 extended to the Reichskreditkassen); effective immediately
    - 03.09.1940: Rating 1 Guernsey Pound = 9.60 German Reichsmark
    - 29.09.1942: Rating 1 Guernsey Pound = 9.36 German Reichsmark
    - 08.05.1945: Demonetization of the occupation money and exchange at a rate of 1 Pound = 10 German Reichsmark; effective 23.05.1945.
  • 28.04.1959
  • Law [Currency Notes (Jersey), No. 17] on the issuance of government paper money by the Treasury; effective 05.09.1959 (royal assent on 28.07.1959)
  • 1968-1971
  • Decimalization of the sub-unit
    - 27.11.1968: Law [Decimal Currency (Jersey), No. 7] on the decimalization of the sub-unit; effective 16.05.1969 (royal assent on 23.04.1969)
    - 15.12.1970: Law [Decimal Currency (Jersey), No. 4] on the implementation of the 1969 Decimal Currency Law and the issuance of local subsidiary coinage; effective 12.02.1971 (royal assent on 10.02.1971)
    - 15.02.1971: Start of issuance of the decimal subsidiary coins denominated "New Pence", the non-decimal (British) coins were not demonetized
    - 13.11.1979: Law [Decimal Currency (Amendment No. 2) (Jersey), No. 11], abolishes the "New" from the coin denominations; effective 06.06.1980 (royal assent on 21.05.1980).

Valuation Regimes

  • 1834-
  • Fixed rate against British Pound

Rate Arrangements

  • 01.10.1834
  • Fixed
  • British Pound at 1 : 1
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