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Saint Helena Pound (SHP)

Saint Helena Pound (SHP)

What Is the Saint Helena Pound (SHP)?

The Saint Helena pound (SHP) is the official currency of St. Helena and Ascension Island, two of the three South Atlantic islands that contain the British domain of Saint Helena, Ascension, and Tristan da Cunha.

Understanding the Saint Helena Pound

The Saint Helena pound was first settled in the nineteenth century as the currency for the British domain of Saint Helena, Ascension, and Tristan da Cunha. Until 2009, this domain, contained the islands of Saint Helena, Ascension, and the archipelago of Tristan da Cunha, which was known as Saint Helena and Dependencies and is still frequently by and large alluded to as Saint Helena basically. While the SHP is the official currency of Saint Helena and Ascension Island, the official currency of Tristan da Cunha is the British pound sterling (GBP).

The SHP is pegged at par with the British pound sterling, and is partitioned into 100 pence. The SHP is frequently given the symbol \u00a3, equivalent to with the British pound.

After some time, the Saint Helena domains have laid out different currencies, with its first notes showing up as soon as 1716. While the regions have likewise depended on the pound sterling and the South African pound, the modern SHP is was first issued in 1976. SHP notes are just accepted in Saint Helena and Ascension Island, and can be gotten exclusively from the Bank of Saint Helena or on the way to the island by means of the RMS Saint Helena.

A Brief History of Saint Helena

This domain assumed a key part in the development of the English East India Company as an international trading power. The island of Saint Helena became well known as the island to which the British banished Napoleon Bonaparte following his capture in 1815. Bonaparte passed on Saint Helena in 1821.

Saint Helena was a uninhabited island found in 1502 by Portuguese travelers, and it therefore turned into a stop for transportation trade routes between Europe, South Africa and Asia. The Dutch asserted the island in 1633, yet didn't settle the island. In 1657, the English East India Company was given a charter to oversee the island. Saint Helena is quite possibly of England's most seasoned province, second just to Bermuda.

England added Ascension Island and Tristan da Cunha separately in the outcome of the Napoleonic Wars, and in 1922, Ascension Island turned into a dependency of Saint Helena. In 1938, Tristan da Cunha likewise joined as dependency, laying out a constitutional relationship known as Saint Helena and Dependencies that endured 70 years. In September 2009, Tristan da Cunha and Ascension Island were raised to approach status with Saint Helena, officially changing the name of the domain to Saint Helena, Ascension and Tristan da Cunha. Regardless of the regional solidarity of the three areas, the SHP just fills in as currency in the domains of Saint Helena and Ascension Island.

Features

  • St. Helena has a long history of giving its own notes, relative to other British states.
  • The Saint Helena pound is pegged to the British pound (GBP) at a rate of 1:1.
  • The Saint Helena pound (SHP) is the official currency of St. Helena and Ascension Island, to a great extent autonomous British domains in the South Atlantic.