Australian pound became $1 and 1s became 10c. The conversion rate was problematic for the pre-decimal penny since the shilling was divided into twelve pence. An exchange rate of $2.40:£1 would have allowed for accurate conversion down to the penny, with one penny becoming one cent; however, the Government thought it more important that the new currency unit be more valuable than the United States dollar which it would not have been under a 2.4:1 ratio. Amounts less than a shilling were converted as follows: In 1855, gold full and half sovereigns (worth respectively one pound sterling and ten shillings) were first
Japanese government-issued currency in the Dutch East Indies that, as of 11 March 1942, the only valid currency in the region were military banknotes and existing colonial gulden. Soon, however, they had begun replacing the pre-war currency at par. They soon required that all extant Dutch currency be exchanged for the occupation issue. This policy, however, was not implemented very strictly, and pre-war currency was widely hoarded, even in the internment camps. In March 1943, the Japanese occupation government ceased issuing military notes; at the time, military currency to the value of 353 million gulden was in circulation. Printing operations were moved to Kolff in Batavia (now Jakarta),