Saint Helenian Pound in South African Rand

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.

ZAR South African Rand

Country of application:
Namibia, South Africa

Coin denominations in circulation:
5, 2, 1 rand, 50, 20, 10, 5 cents.

Denominations of banknotes in circulation:
200, 100, 50, 20 and 10 rand.

History reference:
The name rand (rand) comes from the name of the mountain range, the name of which sounds like the Witwatersrand (in one of the official languages of South Africa, Afrikaans Witwatersrand). This mount...ain range is located in the South African province of Gauteng, which is famous for the largest gold deposits in the country. The South African rand was first introduced into circulation in February 1961, shortly before the founding of the Republic of South Africa. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth about 1.5 rand to the US dollar. However, in the following decades, the rand quickly depreciated, and at the turn of the 21st century and during the Great Recession, it changed significantly. As the political landscape changed in the early 1990s, the rand slowly depreciated to record lows due to uncertainty. The fall was exacerbated when land reform began in 2001. Shortly after the 9/11 attacks, global uncertainty took its toll and the rand plummeted again to 13 rand per US dollar.