Malaya and british borneo 1953 queen elizabeth II 5 dollar note

Malaya & British Borneo Five Dollars Note 1953
issued by the Board of Commissioners of Currency Malaya and British Borneo
This note is legal tender for Five Dollars in the Federation of Malaya, Singapore, Sarawak, North Borneo and Brunei
signed by W.C. Taylor, Chairman of the Board
dated 21st March 1953
put into circulation in 1953
withdrawn from circulation on 16 January 1969
lion's head head watermark & single security thread (a broken thread)
Obverse: Queen Elizabeth II
Reverse: State emblems of Federation of Malaya, Singapore, Sarawak, North Borneo and Brunei
printed by Waterlow & Sons Limited, London
Condition:refer picture
Price:RM180

The Board of Commissioners of Currency Malaya and British Borneo existed from 1 January 1952 to 30 November 1979.
The Malaya & British Borneo Dollar replaced the Malayan Dollar, Sarawak Dollar, and British North Borneo Dollar.
Malaya meant Singapore, Malacca, Penang, and the Federation of Malaya (Perak, Selangor, Pahang, Negeri Sembilan, Perlis, Kedah, Kelantan, Terengganu, Johor).
British Borneo meant Sarawak, Brunei and North Borneo.
The components of Malaya and British Borneo are represented by their emblems on the reverse side of the currency notes.
The Board was the sole currency issuing authority for the Federation of Malaya, Singapore, Brunei, British North Borneo and Sarawak for 15 years from 1 January 1952 to 12 June 1967.
British North Borneo the Crown Colony was re-named Sabah when it merged with Sarawak, Singapore, and Malaya to form Malaysia on 31 August 1963.
Singapore was separated from Malaysia on 9 August 1965 and became a sovereign nation of its own.
The value of the Malaya & British Borneo dollar was fixed at one dollar to 2 shillings 4 pence British pound sterling.
On 12 June 1967 Malaysia, Singapore and Brunei ended their currency union and Malaysia issued the Malaysian ringgit, Singapore issued the Singapore dollar and Brunei issued the Brunei dollar to replace the Malaya & British Borneo dollar at par.
In November 1967 the British pound sterling was devalued and the Malaya & British Borneo dollar was consequentially devalued by 15% which reduced its value to 85% of the Malaysian ringgit, the Singapore dollar and the Brunei dollar which were not devalued.
The currency issued by the Board of Commissioners of Currency Malaya and British Borneo was in circulation until 16 January 1969.