Trials,Blunders and Profits: The Changing Contexts of Currencies in Sierra Leone

The work presented here is in the form of a case study that connects currencies with merchants in Sierra Leone from the early fragmentary British presence in 1787 to wide-scale colonisation late in the century. Through accounts from archival research, it traces particularly early examples of monetary instabilities prior to formal colonial rule as well as the first attempts made by the British to regulate indigenous currency systems and standardise them into a homogeneous currency system. Through a monetary perspective, the article shows that colonial authorities did not succeed in having full control over the currencies nor did local ways of using them determine their circulation but merchants, who were responsible for shipping specie to the region, also had a degree of control over the circulation of currencies. As such, the article provides very interesting—and complex—cases that emerged from the interfaces in situ among indigenous populations, merchant companies, international traders, settler communities and British colonial officials.