Gibraltar Pound in Saint Helenian Pound

GIP Gibraltar Pound

Country of application:
Gibraltar

Coin denominations in circulation:
5, 10, 20, 50 Gibraltar pound.

Denominations of banknotes in circulation:
1, 2, 5, 10, 20, 50 pennies, 1, 2, 5 Gibraltar pound.

History reference:
The Gibraltar pound has been the national currency and money of Gibraltar since 1927, although Gibraltar received the right to print its banknotes only in 1934. The Gibraltar pound is pegged to the p...ound sterling at a ratio of 1:1. The name Gibraltar comes from the ancient Arabic language, where it literally means "Mount Tariq" - the Arab commander Tariq ibn Ziyad, who crossed Gibraltar to Europe to capture the Iberian Peninsula. Currently, Gibraltar has the status of a British Overseas Territory, with sufficient autonomy. Gibraltar, which is part of the United Kingdom of Great Britain and Northern Ireland, is part of the EEC and the EEC customs union, but is not included in the euro area, which allows the territory to adopt its own liberal tax and financial laws, being an offshore zone.

SHP Saint Helenian Pound

Country of application:
St. Helena Island, Ascension and Tristan da Cunha.

Coin denominations in circulation:
1, 2, 5, 10, 20, 50 pence, 1, 2 pounds sterling.

Denominations of banknotes in circulation:
5, 10, 20 pounds sterling.

History reference:
The Saint Helena pound is the currency of the Atlantic islands of Saint Helena and Ascension, which are constituent parts of the British Overseas Territory of Saint Helena, Ascension and Tristan da C...unha. It is set at parity with the British pound sterling, so both currencies are commonly accepted and circulated in Saint Helena. St. Helena originally held the British pound sterling, with the pound divided into 20 shillings and each shilling into 12 pence. Added to this were occasional local issues of paper currencies. One coin, a copper halfpenny, was minted in 1821 specifically for use in the islands and mixed with British coinage. The notes were denominated in pounds and shillings and were valued at face value with the British pound sterling. Until February 1961, the island also accepted the South African pound, which was then equal to the pound sterling, but this ceased with the introduction of the new decimal South African rand, with one rand worth only 10 shillings.