- Saint Helena pound
image_title_1 = £5
iso_code = SHP
using_countries = "SHN"
inflation_rate = 3.2%
inflation_source_date = " [https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook] ", 1997 est.
pound sterlingat par
subunit_ratio_1 = 1/100
symbol = £
plural_subunit_1 = pence
used_coins = 1, 2, 5, 10, 20, 50 pence, £1, £2
coin_article = Coins of the Saint Helena pound
used_banknotes = £5, £10, £20
issuing_authority_title = Government
issuing_authority = Government of Saint Helena
issuing_authority_website = www.sainthelena.gov.sh
The Saint Helena pound (also called simply "pound") is the currency of the British overseas territories of
Saint Helenaand Ascension Island. It is fixed at parity with the pound sterlingand is subdivided into 100 "pence".
Initially, British currency circulated on St Helena, with the pound subdivided into 20 "shillings", each of 12 "pence". This was supplemented by occasional local issues of paper money. Prior to February 1961, the
South African pound(equal in value to sterling) was also accepted on the island but was withdrawn due to decimalization in South Africa (U.K. decimalization did not occur until February, 1971). In 1976, the government began issuing notes, with circulation coins following in 1984.
Prior to 1984, both St. Helena and Ascension Island had issued commemorative coins but used British circulation coins. In 1984, coins were introduced in the names of St. Helena and Ascension in denominations of 1, 2, 5, 10 and 50 pence and 1 pound. All the coins were the same size and composition as the corresponding British coins. 20 pence coins were introduced in 1998, followed by 2 pounds in 2002, although the first bi-metal £2 coins were issued in and dated 2003.
From 1716, the "Governor and Council of the Island of St. Helena" issued notes for 2½ and 5 shillings, 1 and 2 pounds. These were issued until the late 18th century. The next issue of notes occurred sometime after 1917. It was produced by the "St. Helena Currency Board" in denominations of 5, 20 and 40 shillings.
In 1976, 1 and 5 pound notes were introduced by the government, followed in 1979 by 50 pence and 10 pound notes. The 1 pound note was replaced by a coin in 1984, with 20 pound notes introduced in 1986.
Notes for visitors
St Helena does not have a
central bankof its own, and the only banking services on the island are provided by a commercial bank, the Bank of St. Helena. St. Helena banknotes and coins are issued by the [http://www.sainthelena.gov.sh/ St. Helena Government] , not the Bank of St. Helena. (For more information please see the Bank of St. Helenawebsite [http://www.sainthelenabank.com www.sainthelenabank.com] )
Saint Helena banknotes are accepted on
Saint Helenaand Ascension Islandonly. Note that they cannot be exchanged in UK banks. They can be obtained while sailing to the island on the RMS Saint Helena, or from the Bank of St. Helenaon arrival. UK pound sterlingbanknotes are also accepted on the island. Some outlets may accept other major currencies. Notes and coins from other UK territories, including the Falkland Islandsare not normally accepted in outlets. Credit cardsand debit cardsare not widely accepted on the island, so it is advisable to bring traveller's cheques, which can be exchanged at the Bank of St. Helena, or cash. The Bank of St. Helenacan make cash advances on some major credit cardsand debit cards.
To see the latest exchange rates published by the
Bank of St. Helenaplease refer to its website at [http://www.sainthelenabank.com www.sainthelenabank.com]
Indicative rates for other currencies can be obtained as follows:
Bank of St. Helena
Coins of the Saint Helena pound
Economy of Saint Helena
*numis cite SCWC|date=1991
*numis cite SCWPM|date=1994
Standard numismatics external links
world_coin_gallery_1_url = Sthelena
world_coin_gallery_1_name = St. Helena & Ascension
banknote_world_1_url = saint_helena
banknote_world_1_name = St. Helena
dollarization_1_url = sh
dollarization_1_name = Saint Helena
gfd_1_url = Saint_Helena
gfd_1_name = Saint Helena
show_gfd_excel = Y
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