SHP (Saint Helena Pound)

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.

BREAKING DOWN '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.