History
In 1914, following the New Zealand occupation of German Samoa, the pound sterling replaced the German mark as the currency of the territory. When the New Zealand pound broke its parity with the pound sterling in 1930 at the beginning of the great depression, the Samoan unit followed the same course as the New Zealand pound. There were no special issues of sterling coinage issued for Western Samoa. The circulating coinage was originally United Kingdom coinage and from 1934 it became predominantly the new New Zealand coinage. When New Zealand decimalized its currency in 1967, the Western Samoan pound was replaced by the tala, at a rate of 1 pound = 2 tala.
For a more general view of history in the wider region, see The Pound Sterling in Australia, New Zealand, and Oceania.
Read more about this topic: Western Samoan Pound
Famous quotes containing the word history:
“The view of Jerusalem is the history of the world; it is more, it is the history of earth and of heaven.”
—Benjamin Disraeli (1804–1881)
“The history is always the same the product is always different and the history interests more than the product. More, that is, more. Yes. But if the product was not different the history which is the same would not be more interesting.”
—Gertrude Stein (1874–1946)
“Every member of the family of the future will be a producer of some kind and in some degree. The only one who will have the right of exemption will be the mother ...”
—Ruth C. D. Havens, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 13, by Susan B. Anthony and Ida Husted Harper (1902)