Currency
The local currency is the Saint Helena pound, which is equivalent to 100 pence, and is at a par with the British Pound. The government issues its own coins and banknotes.
Banking services on St. Helena (and Ascension Island) are provided by the Bank of St. Helena, which delivers a full retail banking service to individuals and business in, and trading with, St. Helena.
Read more about this topic: Economy Of Saint Helena
Famous quotes containing the word currency:
“Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are cheques drawn on insufficient funds.”
—René Daumal (1908–1944)
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“Both of us felt more anxiety about the South—about the colored people especially—than about anything else sinister in the result. My hope of a sound currency will somehow be realized; civil service reform will be delayed; but the great injury is in the South. There the Amendments will be nullified, disorder will continue, prosperity to both whites and colored people will be pushed off for years.”
—Rutherford Birchard Hayes (1822–1893)