Jamaican Dollar in Trinidadian Dollar

JMD Jamaican Dollar

Country of application:
Jamaica

Coin denominations in circulation:
1, 5, 10, 20 dollars.

Denominations of banknotes in circulation:
50, 100, 500, 1000 dollars.

History reference:
The Jamaican dollar is the national currency of Jamaica. Until 1840, the British pound, Spanish reals and local coins circulated in Jamaica. Then the Jamaican pound was introduced, which in 1914 was ...equated to the pound sterling, and from 1955 to the West Indian dollars. The earliest money in Jamaica were Spanish copper coins called maravedi. This is due to the fact that for almost four hundred years, Spanish dollars, known as pieces of eight, were widely used on world trade routes, including the Caribbean region. However, after the revolutionary wars in Latin America, the source of these silver trade coins dried up. The last Spanish dollar was minted at the Potosi Mint in 1825. The United Kingdom adopted a very successful gold standard in 1821, so 1825 was the right time. to introduce the coinage of British sterling in all British colonies.

TTD Trinidadian Dollar

Country of application:
Trinidad and Tobago

Coin denominations in circulation:
1, 5, 10, 25, 50 cents.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100 dollars.

History reference:
The dollar (currency code - TTD) has been the official currency of the Republic of Trinidad and Tobago since 1964 (before that, the British West Indies dollar was in circulation in the country). The ...history of currency in the former British colony of Trinidad and Tobago is closely linked to the history of the British Eastern Caribbean territories as a whole. The first currency used was the Spanish dollar, also known as the "figure of eight", which began to circulate in the 16th century. Proposals for the establishment of landowner-oriented banks in the West Indies were made in 1661 by the British government and in 1690 by Sir Thomas Dalby. Despite this, and the Queen Annes Proclamation of 1704, which brought the West Indies on the gold standard, the eight silver coins (Spanish dollars and then Mexican dollars) continued to form the bulk of circulating currency well into the second half of the nineteenth century.