| THE BRITISH WEST AFRICAN CURRENCY BOARDS INTRODUCTION OF PAPER MONEY It was not until the early 1950s that great changes started taking effect in West Africa. Oil was discovered in Nigeria. In the Gold Coast (Ghana) the output of gold manganese and diamonds was increasing and in Sierra Leone large iron ore deposits were opened in addition to the rush for diamonds. The Currency Board was not immune to these rapid changes fulfilling the increased currency demand by issuing new notes TEN SHILLINGS 31st MARCH 1953 PICK 9 TWENTY SHILLINGS 31st MARCH 1953 PICK 10 Forgeries were further reduced by adding a security thread, native scenes were introduced on the reverse of the notes and the five pound note was reintroduced after an absence of thirty years.
TEN SHILLING 4THFEBRUARY 1958 PICK 9 TWENTY SHILLINGS 20TH FEBRUARY 1957 PICK10 |
