The new £5 denomination was introduced in 1990 to give the coin a value consistent with its weight and size.
The new denominations were introduced between 1850 and 1853.
The two branches were the largest participants in the merger that created the new denomination, which has 5.3 million members.
This issue was followed by notes of the same design but with only the new denomination shown.
Spencer built a church in Wilmington for the new denomination.
In addition, two new higher denominations were issued in 1979.
In 1904, two new denominations were introduced, the bit and franc.
Why, then, was the new denomination set at $1?
The reason of founding a new denomination was not religious, the social and political reasons dominated.
In the following year, a new denomination of 2000 krónur was issued for the first time.