paper money production specifically for british guiana ceased in 1942 and local notes were replaced by bwi$ notes in 1951. in 1955, the bwi$ was decimalized and coinage was issued in the name of the "british caribbean territories, eastern group". in 1965, the east caribbean dollar (ec$) replaced the bwi$ and circulated in british guiana for a year until, following independence in 1966, the guyanese dollar was introduced, replacing the east caribbean dollar at par.