Event

Nova Scotian dollar

former currency

The dollar was the currency of Nova Scotia between 1860 and 1871. It replaced the Nova Scotian pound at a rate of 4 dollars = 1 pound (or 1 dollar = 5 shillings). Prior to its replacement a Nova Scotian pound was valued at £1.25 = £1.00 sterling, so by extension £1 sterling was equal to $5 Nova Scotian, or $1 Nova Scotian was equal to 4 shillings sterling. Consequently the Nova Scotian dollar was worth less than the New Brunswick and Canadian dollars, which were each worth 4s 1.3d sterling. The Nova Scotian dollar was replaced by the Canadian dollar in 1871 at a rate of 73 Canadian cents = 75 Nova Scotian cents, thus reconciling the difference between the two currencies.

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