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The currency commissioners, part of the government of Saint Helena, issue the island's banknotes and coins. The Bank of St. Helena is the island's only bank and the island does not have a central bank. The bank sets its own deposit and lending rates. As of April 2023 the maximum savings rate is 5.5% and the normal personal lending rate is 7%.
The only bank on Saint Helena and Ascension is the Bank of Saint Helena. All accounts in this bank use pounds as currency, which can be considered Saint Helena pounds because SHP banknotes are given on withdrawal. All international transfers have to be done in sterling, euros, South African rand, or United States dollars. [4]
The Bank of Saint Helena is the territory's only bank. The bank sets its own deposit and lending rates, and has branches in Jamestown on Saint Helena and Georgetown on Ascension Island. Although the bank does not have a physical presence on Tristan da Cunha, the residents of Tristan are entitled to use its services. [15]
Bank of Montserrat; Bank of St. Helena This page was last edited on 2 January 2023, at 14:43 (UTC). Text is available under the Creative Commons Attribution ...
There are also commemorative coins struck for Saint Helena only. The Bank of Saint Helena was established on Saint Helena and Ascension Island in 2004. It has branches in Jamestown on Saint Helena, and Georgetown, Ascension Island. The bank took over the business of the Saint Helena government savings bank and Ascension Island Savings Bank. [115]
St Helena, Ascension and Tristan da Cunha's constituent territories of Saint Helena and Ascension Island use the Saint Helena pound. Banknotes in these areas are issued by the Saint Helena Government and bear the image of the British monarch.
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Bank of St. Helena; L. Legislative Council of Saint Helena; N. Saint Helena National Trust; R. Royal Saint Helena Police Service; S. Diocese of St Helena; Supreme ...