Solomon Islands pound

The pound was the currency of the British Solomon Islands Protectorate between 1899 and 1966. It was divided into 20 shillings, each of 12 pence. Initially, the British pound circulated, supplemented by local banknotes from 1916. In 1920, Australian coins and banknotes were introduced, although local paper money continued to be produced until 1932. When the Australian pound broke its parity to the pound sterling in 1930 during the great depression, this caused uncertainty in the British territories of the Western Pacific regarding whether their pound unit was a pound sterling or an Australian pound. This uncertainty prevailed into the mid-1930s and was only resolved when the matter was clarified by King's regulations. The final result was that all the British territories apart from Fiji adopted the Australian unit. As such, the British Solomon Islands Protectorate followed the course of Australia.

(The end result was that Fiji had a distinct pound of its own that differed in value from the pound sterling as well as from the Australian and New Zealand units. New Zealand was nearly at par with Australia, and all New Zealand controlled territories, notably Western Samoa, adopted the New Zealand unit which was later returned to parity with sterling in 1948. Papua New Guinea, the British Solomon Islands Protectorate, the Gilbert and Ellice Islands, the New Hebrides (as regards their sterling accounts), Tonga and Nauru all followed the Australian unit.)

Between 1942 and 1944, the Solomon Islands were occupied by Japan and the Oceania pound circulated. The Australian pound returned after the war and was replaced by the Australian dollar in 1966. This was, in turn, replaced by the Solomon Islands dollar in 1977. For a more general view of history in the wider region, see history of pound sterling in Oceania.

Banknotes

The first currency produced specifically for the British Solomon Islands was authorized by the British Solomon Islands Currency Regulation of 1916. The Western Pacific High Commission passed the King's Regulation No. 10 of 1916 on 14 September 1916. Prior to this regulation, the Solomon Islands used Australian and Burns Philip banknotes. The first notes worth a total of 9,000 pounds arrived in Tulagi on 9 July 1917. Printed in London by Thomas de la Rue, and dated 18 December 1916, this initial shipment consisted of 2,000 5-shilling notes, 2,000 10-shilling notes, 5,000 1-pound notes, and 500 5-pound notes. The notes were delivered to the Currency Office on 14 July 1917 and issued two days later. The only 5-pound note was the one dated 18 December 1916. The 5-shilling note continued to be issued until 1926; the 10-shilling note until 1932; and the 1-pound note until 1933.^[1]

References

↑ Linzmayer, Owen (2012). "British Solomon Islands". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.

Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.

External links

Currencies named pound or similar

Current	Pound sterling: (Alderney pound • Falkland Islands pound • Gibraltar pound • Guernsey pound • Jersey pound • Manx pound • Saint Helena pound) Egyptian pound Lebanese pound South Sudanese pound Sudanese pound Syrian pound Turkish lira

Local alternative currency	Bristol Pound Brixton Pound Lewes Pound Stroud Pound Totnes Pound

Defunct	Anglo-Saxon pound Australian pound Bahamian pound Bermudian pound Biafran pound British West African pound Canadian pound Connecticut pound Cypriot pound Delaware pound Fijian pound French livre French colonial livre Gambian pound Georgia pound Ghanaian pound Haitian livre Irish pound Israeli pound Italian lira Jamaican pound Japanese government-issued Oceanian Pound Libyan pound Livre tournois Lombardo-Venetian pound Luccan pound Malawian pound Maltese pound Maltese lira Maryland pound Massachusetts pound New Brunswick pound New France livre New Guinean pound New Hampshire pound New Jersey pound New York pound New Zealand pound Newfoundland pound Nigerian pound North Carolina pound Nova Scotian pound Oceanian pound Ottoman lira Palestine pound Papal lira Paris livre Parman lira Pennsylvania pound Pound Scots Prince Edward Island pound Rhode Island pound Rhodesian pound Rhodesia and Nyasaland pound Sammarinese lira Sardinian lira Solomon Islands pound South Carolina pound Southern Rhodesian pound South African pound South African Republic pound South West African pound Tongan pound Tuscan pound Vatican lira Virginia pound West Indian pound Western Samoan pound Zambian pound

See also	Dinar Pound sign Troy pound

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Solomon Islands pound

Banknotes

See also

References

External links