IMF Special Drawing Rights in Solomon Islander Dollar

XDR IMF Special Drawing Rights

Country of application:
International Monetary Fund

Coin denominations in circulation:
-

Denominations of banknotes in circulation:
-

History reference:
The International Monetary Fund is the leading organization for international cooperation in the monetary and financial sphere. The international monetary background provides short- and medium-term l...oans with a deficit in the balance of payments of the state. The granting of loans is usually accompanied by a set of conditions and recommendations.

SBD Solomon Islander Dollar

Country of application:
Solomon islands

Coin denominations in circulation:
10, 20, 50 cents, 1 dollar, 2 dollars.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100 dollars.

History reference:
The Solomon Islands dollar is the national currency of the Solomon Islands. Originally a British protectorate, the Solomon Islands gained independence in 1978. Today, the country has a constitutional... monarchical structure with a parliament and a prime minister. Although the Solomon Islands is an independent nation, it continues to recognize Queen Elizabeth II as its constitutional head of state. The official language of the country is English. The Solomon Islands dollar began to be put into circulation on October 24, 1977, replacing the Australian dollar. The currency got its name in honor of the Australian currency. Since gaining independence in 1978, the new currency has become the official currency of the young state. For two years, the Solomon Islands dollar was pegged to the Australian dollar.