The Family Tree of Money
← Locate on the map
Currency history

West African Currency Board pound

Dates in use
Introduction and ending not established
Ancestry branch
Sterling

Its place in the family

All ancestors and descendants ↗
West African Currency Board pound: documented and qualified family connections PARENTS THIS CURRENCY CHILDREN Pound sterlingPound sterling 1912–1913 · DocumentedNominal sterling parity; commissionsapply. Not a universal fee-free conversionDocumented connection · 1912–1913 · Nominal sterling parity; commissions apply. Not a universal fee-free conversion offer. Ghanaian poundGhanaian pound 1958 · DocumentedDocumented connection · 1958 Nigerian poundNigerian pound 1959 · DocumentedDocumented connection · 1959 Sierra Leonean leoneSierra Leonean leone 1964 · Documented1964-scale leones per WACB pound in SierraLeone.Documented connection · 1964 · 1964-scale leones per WACB pound in Sierra Leone. West African Currency Board poundWest African Currency Boardpound Currency history

The diagram shows up to three parents and three children. Every direct connection is listed below.

Parents 1

West African Currency Board pound

This currency

Children 4

Show 1 more children
Trace its ancestry backward

Roman as–denarius accounting

Earlier as reckoning; denarius introduced c. 211 BC; accounts continue into late antiquity

Earlier ancestry is not established here.

Explore all incoming and outgoing connections →

The story

Krus and Schuler distinguish WACB establishment on December 6, 1912 from first currency issue on June 26, 1913. [1]

Large-scale WACB banknote issue began on July 11, 1916; the compilation also reports a small £9 balance at June-end. [2]

The WACB pound exchanged at sterling parity, with commissions; parity did not imply costless remittance. [3]

Turning points

Territorial tender end

WACB legal-tender status in Nigeria ended on July 1, 1962, later than national issue. [4]

Territorial note tender end

Krus and Schuler report final Gambian WACB note tender ending September 1, 1966 and coin tender ending June 1, 1968. [5]

Issuer liquidation completed

The WACB remained in liquidation until October 31, 1973, after its monetary role ended. [6]

Sources and evidence

  1. Nicholas Krus and Kurt Schuler · Currency Board Financial Statements, Studies in Applied Economics No.22 (December 2014)
  2. Nicholas Krus and Kurt Schuler · Currency Board Financial Statements, Studies in Applied Economics No.22 (December 2014)
  3. Nicholas Krus and Kurt Schuler · Currency Board Financial Statements, Studies in Applied Economics No.22 (December 2014)
  4. Central Bank of Nigeria · Currency Gallery
  5. Nicholas Krus and Kurt Schuler · Currency Board Financial Statements, Studies in Applied Economics No.22 (December 2014)
  6. Nicholas Krus and Kurt Schuler · Currency Board Financial Statements, Studies in Applied Economics No.22 (December 2014)

Open the complete research record →

Full claims, evidence coverage, corrections and earlier interpretations are kept separately.

Cite this page

“West African Currency Board pound.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-14; data version v49. https://familytreeofmoney.org/currency/T-FTM000640.html

Editorial evidence supplement · Download the research data

Find a currency