Currencies/Cook Islands shilling
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Introduction
The Cook Islands shilling was a subdivision of the Cook Islands pound, used in the Cook Islands during the period when a pound-based currency system was in use.
History
The Cook Islands followed a currency system derived from New Zealand and British monetary practice, using the pound–shilling–pence (£sd) structure. The shilling functioned as an intermediate unit of account between the pound and the penny. This system remained in use until 1967, when the Cook Islands adopted the Cook Islands dollar, aligned at par with the New Zealand dollar.
Banknotes
No banknotes were issued specifically denominated in Cook Islands shillings. Banknotes circulated in pounds, while shillings existed only as a subdivision of the pound.
Currency
Unit shilling
System pound–shilling–pence (£sd)
Structure
1 pound = 20 shillings
1 shilling = 12 pence
At decimalisation in 1967:
1 shilling = 10 Cook Islands cents
Legacy
The Cook Islands shilling ceased to exist in 1967 with the introduction of the decimal Cook Islands dollar. It forms part of the territory’s historical pre-decimal currency system.