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South West African Pound
The pound was the paper currency of South West Africa between the 1930s and 1959 by the Standard Bank of South Africa Limited, Barclays Bank (Dominion, Colonial and Overseas), and Volkskas Limited. These notes circulated along with the South African pound notes of the South African Reserve Bank until 1961, when they were withdrawn and replaced with rand notes only. The South West African pound was pegged at par with the South African pound, which had replaced the South West African mark in 1918. See also *South West African banknote issuers South West Africa had banknotes issued at various times between 1916 and 1959 while under South African administration. The issues of 1916-18 are denominated in South West African marks. The later issues are denominated in South West African pounds. ... Currencies of the British Empire Currencies of the Commonwealth of Nations Currencies with multiple banknote issuers Currencies of Namibia Currencies of South Africa Numismatics ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound (currency)
Pound is the name for a unit of currency. It is used in some countries today and previously was used in many others. The English word ''pound'' derives from the Latin expression , in which lībra is a noun meaning "pound" and ''pondō'' is an adverb meaning "by weight". The currency's symbol is £, a stylised form of the blackletter L (\mathfrak) (from ''libra''), crossed to indicate abbreviation. The term was adopted in England from the weight of silver used to make to 240 pennies, and eventually spread to British colonies all over the world. While silver pennies were produced seven centuries earlier, the first pound coin was minted under Henry VII in 1489. Countries and territories currently using currency units named "pound" Historical currencies * Australian pound (until 1966, replaced by the Australian dollar). The Australian pound was also used in the Gilbert and Ellice Islands, Nauru, New Hebrides and Papua and New Guinea. It was replaced in the New Hebrides/Vanuat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South West Africa
South West Africa ( af, Suidwes-Afrika; german: Südwestafrika; nl, Zuidwest-Afrika) was a territory under South African administration from 1915 to 1990, after which it became modern-day Namibia. It bordered Angola (Portuguese colony before 1975), Botswana ( Bechuanaland before 1966), South Africa, and Zambia (Northern Rhodesia before 1964). Previously the German colony of South West Africa from 1884–1915, it was made a League of Nations mandate of the Union of South Africa following Germany's defeat in the First World War. Although the mandate was abolished by the United Nations in 1966, South African control over the territory continued despite its illegality under international law. The territory was administered directly by the South African government from 1915 to 1978, when the Turnhalle Constitutional Conference laid the groundwork for semi-autonomous rule. During an interim period between 1978 and 1985, South Africa gradually granted South West Africa a limited for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Bank Of South Africa Limited
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg. History The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the ''Commercial Bank of Port Elizabeth'', the Colesberg Bank, the British Kaffrarian Bank and the ''Fauresmith Bank''. It was prominent in financing and development of the diamond fields of Kimberley in 1867. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volkskas Limited
Volkskas Beperk ( en, Peoples' Bank) was a South African bank founded in 1934 as a cooperative loan bank, becoming a commercial bank in 1941. In 1991, by which time it had become South Africa's largest Afrikaner bank, Volkskas merged with United Building Society, Allied Building Society and Trust Bank to form Amalgamated Banks of South Africa. The bank issued banknotes for circulation in South West Africa between 1949 and 1959 from its Windhoek branch. Early years Volkskas was formally opened on 1 February 1935 in the De Villiers building in Pretoria by J.J. Bosman and a typist. It was registered as a cooperative loan bank under the Co-Operative Societies Act and thus began serving Afrikaners forced by the Great Depression to move to the city between 1929 and 1933. The bank was already registered on 9 July 1934 as Volkskas (Koöperatief) Beperk (i.e. "Limited"). The bank provided credit union services in which people could set up savings or deposit accounts, and clients cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Pound
The pound (Afrikaans: ''pond''; symbol £, £SA for distinction) was the currency of the Union of South Africa from the formation of the country as a British Dominion in 1910. It was replaced by the rand in 1961 when South Africa decimalised. In 1825, an imperial order-in-council made sterling coinage legal tender in all the British colonies. At that time, the only British colony in Southern Africa was the Cape of Good Hope Colony. As time went on, sterling and its associated coinage became the currency of every British territory in Southern Africa. At that time sterling followed the Carolingian monetary system of a pound divided into 20 shillings, each of 12 pence. History The pound sterling became the standard currency of the Cape of Good Hope colony in 1825 following an imperial order-in-council that was issued for the purpose of introducing sterling coinage into all British colonies. British coins then replaced the Dutch currency. Before a unified South Africa, many autho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Reserve Bank
The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial conditions which World War I had brought. The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the United States, Japan and Java. The earliest suggestions for the establishment of the Central Bank in South Africa date back to 1879. A select committee, of ten members of Parliament, was established on 31 March 1920 to examine the benefits to the national interest of the establishing of the central bank. Following on the recommendations of the committee, the South African Reserve Bank opened for business on 30 June 1921, making it the oldest central bank in Africa. The first banknotes were issued to the public by the Bank on 19 April 1922. Set of ZAR notes 2012 to present R 104 000 000 000.00 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Rand
The South African rand, or simply the rand, ( sign: R; code: ZAR) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni). It is subdivided into 100 cents (sign: "c"). The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, ''rand'' being the Dutch and Afrikaans word for 'ridge'), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. In Eng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South West African Mark
The South West African mark was a temporary currency issued between 1916, after the withdrawal of the German South West African mark, and prior to the introduction of the South African pound in 1918. A number of notes were denominated in South West African marks and pfennigs, especially by the Swakopmund Bookshop that issued 10, 25, 50 Pfennig, and 1, 2, and 3 Mark notes. File:SWA-15a-Swakopmunder Buchhandlung-Two Mark (1916).jpg, A two mark Swakopmunder Buchhandlung note issued in 1916 File:SWA-6-Swakopmunder Buchhandlung-10 Pfennig (1916).jpg, A ten pfennig Swakopmunder Buchhandlung note issued in 1916 Notes References * See also * South West African banknote issuers * Banknotes of the Swakopmund Bookshop Banknotes were issued by the Swakopmund Bookshop (German; ''Swakopmunder Buchhandlung'') between 1916 and 1918 as an emergency currency. They issued 10, 25, 50 Pfennig, and 1, 2, and 3 mark notes. Although these were issued under South African ad ... Numismatic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South West African Banknote Issuers
South West Africa had banknotes issued at various times between 1916 and 1959 while under South African administration. The issues of 1916-18 are denominated in South West African marks. The later issues are denominated in South West African pounds. List of issuers of South West African mark-denominated notes * Sonja Scholz, Windhoek. *Gibeon Savings and Loans Association, Gibeon. * Speisser and Silla, Windhoek. *South West African Land Credit Association, Luderitz. *Swakopmund Co-operative Bank, Swakopmund *Swakopmund Bookshop, Swakopmund and Windhoek. *Viktoria Pharmacy, Windhoek. * Wecke and Voigts, Karabib, Okahandja, Swakopmund, and Windhoek. List of issuers of South West African pound-denominated notes *Barclays Bank (Dominion, Colonial and Overseas) * Standard Bank of South Africa Limited *Volkskas Limited See also *Commonwealth banknote-issuing institutions Commonwealth banknote-issuing institutions also British Empire Paper Currency Issuers comprises a list of publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of The British Empire
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of The Commonwealth Of Nations
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies With Multiple Banknote Issuers
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
