Timeline

• 1740-1782
• Issuance of subsidiary coins by the Danish West Indies Company:
  - 12.01.1740: Royal permission for the production of a silver coin of 12 Shillings
  - 12.02.1740: Royal permission for the production of copper coins of 2, 1 Shillings
  - 04.06.1748: Royal permission for the production of additional silver coins of 12 Shillings
  - 29.08.1757: Royal permission for the production of additional silver coins of 12 Shillings
  - 28.03.1763: Royal permission for the production of silver coins of 24, 12 Shillings
  - 03.10.1782: Royal permission for the production of silver coins of 12, 6 Shillings (dated 1767).
• 20.03.1770
• Ordinance on the rating of the Danish West Indian currency at 1 Danish Thaler = 1.25 Danish West Indian Thaler; effective immediately:
  - The previous coins of 24, 12, 6 Shillings were devalued to 20, 10, 5 (Danish West Indian) Shillings = 16, 8, 4 Danish Shillings. The 1740 copper coins were initially demonetized but the 2 Shillings remained tolerated by proclamation of 13.05.1776.
• 11.05.1775
• Ordinance on the issuance of Danish paper money in the West Indies and circulation at the rate of 1 Danish Thaler = 1.25 Danish West Indian Thaler; effective immediately
• 16.04.1788
• Royal permission on the issuance of paper money in Danish West Indian Currency by the Bank of Copenhagen; effective immediately
• 25.09.1816
• Royal permission for the production of silver coins of 20, 10, 2 Danish West Indian Shillings; effective by proclamation of 20.12.1816
• 28.01.1837
• Start of business of the "Bank of Saint Thomas" as private commercial bank; issued paper money of 10, 5 Piastres (US Dollars) after July 1837.

Valuation Regimes

• 1770-1814
• Fixed rate against Danish Thaler (1671)
• 1814-1849
• Fixed rate against Danish Thaler (1813)

Timeline

• 01.01.1849
• Governor's proclamation on the adoption of the United States Dollar standard; effective by royal decree of 04.04.1849:
  - The decree allowed for the issuance of state credit notes to redeem the previous coinage.
  - The decree allowed for the import and counter-marking (stamp: "royal monogram") of coins of ½ US Dollar.
• 23.07.1859
• Royal decree on the issuance of subsidiary coins; effective immediately
• 1888-1892
• Issuance of private tokens due to a shortage of small change; were banned by decree of 04.11.1892

Valuation Regimes

• 1849-1904
• Fixed rate against US Dollar

Timeline

• 29.03.1904
• Law [No. 49] on the adoption of the standard of the Latin Monetary Union; effective 01.04.1905
• 29.03.1904
• Law [No. 50] on the establishment of the "Danish West Indian National Bank" with a 30 years' concession, including an exclusive privilege for the issuance of paper money; effective 20.06.1904 (the bank opened for business on 01.01.1905)
• 01.04.1905
• Start of currency exchange:
  - 01.04.1905: Start of issuance of the coins, all gold coins in the standard of the Latin Monetary Union were legal tender.
  - 31.12.1905: Demonetization of the former currency.

Valuation Regimes

• 1904-1934
• Fixed rate against gold

Timeline

• 20.06.1934
• Expiry of the Danish West Indian National Bank's concession; the issuance privilege for paper money had not been exercised after the transfer of Danish West India to the United States in 1917.
• 01.07.1934
• Resolutions of the municipality councils of St. Thomas and St. Croix on the adoption of the US Dollar; effective upon proclamation by the governor on 14.07.1934.
• 13.07.1935
• End of exchange period at a rate of 100 Danish West Indian Francs = 19.30 US Dollars and demonetization of the Danish West Indian currency.