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Information About

West African Pound
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HISTORY

The West African pound was introduced in 1907 for circulation in Nigeria , the Gold Coast (now Ghana), Sierra Leone and the Gambia . From 1912, it was issued by the West African Currency Board.
Liberia also adopted the currency in 1907 , replacing the Liberian Dollar , despite the fact it was not served by the West African Currency Board. Liberia changed to the U.S. Dollar in 1943 . The British section of Cameroon adopted the West African currency in 1916 after it was taken from Germany .

During the period 1958 to 1968, the West African pound was replaced by local currencies in the newly independent nations. The replacements were:


DENOMINATIONS


Coins were issued in 1/10, ½, 1, 3 and 6 pence, 1 and 2 shillings. Bank notes were issued in 1, 2, 5, 10, 20 and 100 shilling denominations, with the two highest denominations also given as 1 and 5 pounds.


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