SHP (Saint Helena Pound)

AAA

DEFINITION of 'SHP (Saint Helena Pound)'

The currency abbreviation for the Saint Helena pound (SHP), the currency for Saint Helena and Ascension Island. The Saint Helena pound is made up of 100 pence and is often presented with the symbol £. Saint Helena and Ascension Island are British overseas territories.

INVESTOPEDIA EXPLAINS 'SHP (Saint Helena Pound)'

The Saint Helena pound was first issued in the territories in 1976, replacing the British pound (GBP) and the South African pound that came before it. Saint Helena pound banknotes are only accepted in Saint Helena and Ascension Island, and are not exchangeable in any banks in the U.K. They can only be obtained from the Bank of Saint Helena or on the RMS Saint Helena on the way to the island.

RELATED TERMS
  1. Bhutan Ngultrum (BTN)

    The currency of Bhutan. The Bhutan Ngultrum, abbreviated as BTN ...
  2. Forex Futures

    An exchange-traded contract to buy or sell a specified amount ...
  3. Authorized Forex Dealer

    Any type of financial institution that has received authorization ...
  4. Currency

    A generally accepted form of money, including coins and paper ...
  5. Forex - FX

    The market in which currencies are traded. The forex market is ...
  6. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
Related Articles
  1. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

  2. What Is Bitcoin's Intrinsic Value?
    Economics

    What Is Bitcoin's Intrinsic Value?

  3. Basics For Buying And Investing In Bitcoin
    Investing Basics

    Basics For Buying And Investing In Bitcoin

  4. The Best Places To Exchange Currency
    Savings

    The Best Places To Exchange Currency

comments powered by Disqus
Hot Definitions
  1. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  2. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  4. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  5. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  6. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
Trading Center