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20 Shillings

Issuer West African Currency Board
Year 1928-1951
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Value 20 Shillings (1)
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Reverse lettering ستي عشرين
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Protection description Numeral 20 watermark at right.
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Comments

The West African Currency Board was a British colonial currency authority covering Nigeria, Gold Coast, Sierra Leone, and the Gambia — a single sterling-linked currency zone administered entirely from London, with no central bank and no local monetary policy. The Board's notes were printed, stored, and shipped across the Atlantic; the colonies themselves had no hand in production.

Waterlow & Sons handled the series through most of its run, with the design and plate work remaining essentially unchanged across more than two decades of issue — an unusually long static run that reflects the Board's institutional conservatism rather than any shortage of need to update. The watermark was the primary security measure, modest even by the standards of the period.

The Board was wound down after Gold Coast independence in 1957, with successor central banks absorbing its functions territory by territory.

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