Catalog
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| Issuer | Clunies-Ross Estate |
|---|---|
| Year | 1968 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Reference(s) | KM#Tn14 |
| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Mintage | 1968 |
| Additional information |
The Clunies-Ross family ruled the Cocos (Keeling) Islands as a private fiefdom for over a century, and their plastic token coinage was the only currency permitted on the islands — Malay workers on the copra plantations were paid in these tokens, redeemable exclusively at the family-owned store. It was a closed economic loop by design. Australian authorities finally forced the abolition of the system in 1978, when the tokens were bought back at a fixed rate.