Solomon Islands Pound
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Solomon Islands Pound
The pound was the currency of the British Solomon Islands Protectorate between 1899 and 1966. It was divided into 20 shillings, each of 12 pence. Initially, sterling coin circulated, supplemented by local banknotes from 1916. In 1920, Australian coins and banknotes were introduced, although local paper money continued to be produced until 1932. When the Australian pound broke its parity to the sterling in 1930 during the great depression, this caused uncertainty in the British territories of the Western Pacific regarding whether their pound unit was a sterling or an Australian pound. This uncertainty prevailed into the mid-1930s and was only resolved when the matter was clarified by King's regulations. The final result was that all the British territories apart from Fiji adopted the Australian unit. As such, the British Solomon Islands Protectorate followed the course of Australia. (The result was that Fiji had a distinct pound of its own that differed in value from sterling as we ...
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British Solomon Islands
The British Solomon Islands Protectorate was first declared over the southern Solomons in 1893, when Captain Gibson, R.N., of , declared the southern islands a British protectorate. Other islands were subsequently declared to form part of the Protectorate. Establishment and addition of islands After the Anglo-German Declarations about the Western Pacific Ocean, the Protectorate was first declared over the southern Solomons in 1893. The formalities in its establishment were carried out by officers of the Royal Navy, who hoisted the British flag and read Proclamations on twenty-one islands. In April 1896, Charles Morris Woodford was appointed as an Acting Deputy Commissioner of the British Western Pacific Territories. From 30 May to 10 August 1896, HMS ''Pylades'' toured through the Solomon Islands archipelago with Woodford, who had been sent to survey the islands and to report on the economic feasibility of the British Solomon Islands Protectorate. On 29 September 1896 ...
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Nauru
Nauru ( or ; na, Naoero), officially the Republic of Nauru ( na, Repubrikin Naoero) and formerly known as Pleasant Island, is an island country and microstate in Oceania, in the Central Pacific. Its nearest neighbour is Banaba Island in Kiribati, about to the east. It further lies northwest of Tuvalu, northeast of Solomon Islands, east-northeast of Papua New Guinea, southeast of the Federated States of Micronesia and south of the Marshall Islands. With only a area, Nauru is the third-smallest country in the world behind Vatican City and Monaco, making it the smallest republic as well as the smallest island nation. Its population of about 10,000 is the world's second-smallest (not including colonies or overseas territories), after Vatican City. Settled by people from Micronesia circa 1000 BCE, Nauru was annexed and claimed as a colony by the German Empire in the late 19th century. After World War I, Nauru became a League of Nations mandate administered by Austra ...
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1966 Disestablishments
Events January * January 1 – In a coup, Colonel Jean-Bédel Bokassa takes over as military ruler of the Central African Republic, ousting President David Dacko. * January 3 – 1966 Upper Voltan coup d'état: President Maurice Yaméogo is deposed by a military coup in the Republic of Upper Volta (modern-day Burkina Faso). * January 10 ** Pakistani–Indian peace negotiations end successfully with the signing of the Tashkent Declaration, a day before the sudden death of Indian prime minister Lal Bahadur Shastri. ** The House of Representatives of the US state of Georgia refuses to allow African-American representative Julian Bond to take his seat, because of his anti-war stance. ** A Commonwealth Prime Ministers' Conference convenes in Lagos, Nigeria, primarily to discuss Rhodesia. * January 12 – United States President Lyndon Johnson states that the United States should stay in South Vietnam until Communist aggression there is ended. * January 15 – 1966 Nigerian coup d ...
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1899 Establishments In The Solomon Islands
Events January 1899 * January 1 ** Spanish rule ends in Cuba, concluding 400 years of the Spanish Empire in the Americas. ** Queens and Staten Island become administratively part of New York City. * January 2 – **Bolivia sets up a customs office in Puerto Alonso, leading to the Brazilian settlers there to declare the Republic of Acre in a revolt against Bolivian authorities. **The first part of the Jakarta Kota–Anyer Kidul railway on the island of Java is opened between Batavia Zuid ( Jakarta Kota) and Tangerang. * January 3 – Hungarian Prime Minister Dezső Bánffy fights an inconclusive duel with his bitter enemy in parliament, Horánszky Nándor. * January 4 – **U.S. President William McKinley's declaration of December 21, 1898, proclaiming a policy of benevolent assimilation of the Philippines as a United States territory, is announced in Manila by the U.S. commander, General Elwell Otis, and angers independence activists who had fought against Spa ...
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Currencies Of The Solomon Islands
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 "curre ...
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Modern Obsolete Currencies
Modern may refer to: History * Modern history ** Early Modern period ** Late Modern period *** 18th century *** 19th century *** 20th century ** Contemporary history * Moderns, a faction of Freemasonry that existed in the 18th century Philosophy and sociology * Modernity, a loosely defined concept delineating a number of societal, economic and ideological features that contrast with "pre-modern" times or societies ** Late modernity Art * Modernism ** Modernist poetry * Modern art, a form of art * Modern dance, a dance form developed in the early 20th century * Modern architecture, a broad movement and period in architectural history * Modern music (other) Geography *Modra, a Slovak city, referred to in the German language as "Modern" Typography * Modern (typeface), a raster font packaged with Windows XP * Another name for the typeface classification known as Didone (typography) * Modern, a generic font family name for fixed-pitch serif and sans serif fonts (f ...
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Banknotes Of The British Solomon Islands Protectorate
Banknotes were issued by the Government of the British Solomon Islands Protectorate between 1916 and 1932. The banknotes are extremely rare. The currency that is expressed is the Solomon Islands pound. Catalogue *P1. 5 shillings. 18 December 1916; 27 July 1921; 2 January 1926. Green on a brown underprint. *P2a. 10 shillings. 18 December 1916; 27 July 1921; 2 January 1926. Red. *P2b. 10 shillings. 30 June 1932. Unissued Remainder banknote. Red. *P3. 1 pound. 18 December 1916; 2 January 1926; 30 June 1932. Blue. *P4. 5 pounds. 18 December 1916. References * Standard Catalog of World Paper Money, General Issues. 1368–1960. Edited by George S. Cuhaj. Published by Krause Publications. Currencies of the Solomon Islands Solomon Islands Solomon Islands is an island country consisting of six major islands and over 900 smaller islands in Oceania, to the east of Papua New Guinea and north-west of Vanuatu. It has a land area of , and a population of approx. 700,000. Its c ...
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Economy Of The Solomon Islands
A per capita GDP of $3,200 ranks Solomon Islands as a lesser developed nation. Over 75% of its labour force is engaged in subsistence farming and fishing. Economic history Until 1998, when world prices for tropical timber fell steeply, timber was Solomon Islands main export product. In recent years, Solomon Islands forests were dangerously overexploited. Solomon Islands was particularly hard hit by the Asian financial crisis even before the ethnic violence of June 2000. The Asian Development Bank estimates that the crash of the market for tropical timber reduced Solomon Island's GDP by between 15%-25%. About one-half of all jobs in the timber industry were lost. The government has said it will reform timber harvesting policies with the aim of resuming logging on a more sustainable basis. In the wake of the ethnic violence in June 2000, exports of palm oil and gold ceased while exports of timber fell. Economic sectors Cash crops Important cash crops and exports include cop ...
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British Currency In Oceania
Sterling was the currency of many, but not all parts of the British Empire. This article looks at the history of sterling in the Australia, New Zealand, and Pacific region. History The British victory at the Battle of Waterloo in 1815 heralded the beginning of a new world order in which Britain would be the supreme world power for the next one hundred years. At the time of Waterloo, the British Empire consisted of the New World territories in the West Indies and North America which had been retained following the loss of the Thirteen Colonies. In addition to this, there was the penal colony of New South Wales, the Rock of Gibraltar at the entrance to the Mediterranean Sea, and the territories controlled by the British East India Company. Victory in the Napoleonic Wars brought spoils to Britain which added more territories such as Malta, British Guiana, and Mauritius to the empire. It was the beginning of a golden era for Britain, and the new Royal Mint at Tower Hill coined a n ...
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Solomon Islands Dollar
The Solomon Islands dollar (ISO 4217 code: ''SBD'') is the currency of Solomon Islands since 1977. Its symbol is $, with SI$ used to differentiate it from other currencies also using the dollar sign. It is subdivided into 100 cents. Exchange rate History Prior to the Solomon Islands Dollar, Solomon Islands used the Australian pound. However, the Solomon Islands had also issued its own banknotes, sometimes called the Solomon Islands pound. When the Solomon Islands fell under the control of Imperial Japan during the Second World War, the Oceanian pound, a so-called "Japanese Invasion Currency", became the official currency until after the war ended and the Pound was restored. In 1966 the Australian dollar replaced the pound and was circulated in the Solomon Islands until 1976, shortly before independence. The Solomon Islands dollar was introduced in 1977, replacing the Australian dollar at par, following independence. Until 1979, the two dollars remained equal, then f ...
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Australian Dollar
The Australian dollar (sign: $; code: AUD) is the currency of Australia, including its external territories: Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is officially used as currency by three independent Pacific Island states: Kiribati, Nauru, and Tuvalu. It is legal tender in Australia.''Reserve Bank Act 1959'', s.36(1)
an
''Currency Act 1965'', s.16
Within Australia, it is almost always abbreviated with the ($), with A$ or AU$ sometimes used to distinguish it from other