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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%.
Mauritius Commercial Bank (Seychelles) Ltd, part of MCB Group; Bank of Baroda, part of Bank of Baroda Group; Seychelles International Mercantile Banking Corporation (SIMBC) trading under the name "Nouvobanq" Seychelles Commercial Bank (formerly Seychelles Savings Bank) Al Salam Bank Seychelles Limited; Bank of Ceylon, part of Bank of Ceylon Group
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]
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]
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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 island's two-floor museum situated in a building near the base of Jacob's Ladder was opened the same year and is operated by the St Helena Heritage Society. The Bank of St Helena, located next to the Post Office, commenced operations in 2004, inheriting the assets and accounts of the former St Helena Government Savings and the Ascension ...
Bank of St. Helena; P. Saint Helena pound; S.sh; T. ... Trade unions in Saint Helena; Tungi Spirit This page was last edited on 13 December 2021, at 17:03 (UTC) ...
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