DEFINITION of 'WST (Samoan Tala)'
The currency abbreviation for the Samoan tala (WST), the currency for Samoa. The Samoan tala is made up of 100 sene and is often presented with the symbol WS$, but is also represented by SAT, ST or T. The words "tala" and "sene" are Samoan equivalents to the English words "dollars" and "cents".
BREAKING DOWN 'WST (Samoan Tala)'
In 1967, the Samoan tala replaced the pound at a rate of 2 tala to 1 pound. This made the tala equivalent to the New Zealand dollar. The tala remained at parity with the New Zealand dollar until 1975.