Saint Helenian Pound in Kuwaiti Dinar

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.

KWD Kuwaiti Dinar

Country of application:
Kuwait

Coin denominations in circulation:
1, 5, 10, 20, 50, 100 fils.

Denominations of banknotes in circulation:
0.25, 0.5, 1, 5, 10, 20 dinars.

History reference:
The Kuwaiti dinar is currently the national currency of Kuwait. The Kuwaiti dinar was introduced into circulation on April 1, 1961, replacing the Gulf rupee. The Kuwaiti dinar is three times stronger... than the dollar. In 2006, Kuwait revalued its national currency by 1% against the dollar. In 1990, Iraq occupied Kuwait, the Iraqi dinar was put into circulation, and during the six months of occupation, all cash was taken out of the country. In order to prevent further use by Iraq of the stolen money, after the liberation of Kuwait, a monetary reform was carried out, the Kuwaiti dinar of the new issue again became the official means of payment. Today, coins in denominations from 5 to 100 fils and banknotes in denominations from ¼ to 20 dinars are in circulation. The Kuwaiti dinar was pegged to the US dollar at a ratio of 3:1. In 2006, the emirate revalued its national currency against the dollar by 1%. In May 2007, the Kuwaiti authorities decided to decouple the dinar from the dollar, replacing it with a multi-currency basket.