For Foreign Currency and Translation.
Foreign Currency Translation - Essay by Sunflower11788
In the British colonies of Malaya and Singapore the official currency was the Indian rupee but the general public kept their accounts and made most of their payments, including taxes, in dollars and cents. Therefore in 1867 the public's preferences were recognised when legal tender status is given to various foreign coins such as dollars from Hong Kong, Mexico, Bolivia and Peru. Subsequently, in 1874, the British authorities in Singapore also made the Japanese yen and US dollar legal tender.
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