South African pound
E32419
The South African pound was the former currency of South Africa, used before the country adopted the decimalized rand in 1961.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
former currency
ⓘ
historical currency ⓘ |
| category |
Currencies of South Africa
ⓘ
Currencies replaced by the rand ⓘ |
| country |
South Africa
ⓘ
Dominion of South Africa ⓘ
surface form:
Union of South Africa
|
| currencyCode | SAP ⓘ |
| dateOfAbolition | 1961 ⓘ |
| dateOfIntroduction | 1910 ⓘ |
| decimalizationRelatedTo | introduction of South African rand ⓘ |
| denominationSystem | pounds, shillings, pence ⓘ |
| historicalPeriod |
Union of South Africa era
ⓘ
early Republic of South Africa transition ⓘ |
| languageOnCurrency |
Afrikaans
ⓘ
English ⓘ |
| legalTenderUntil | 1961-02-13 ⓘ |
| monetaryAuthority |
South African Reserve Bank
ⓘ
South African Reserve Bank ⓘ
surface form:
South African Treasury (early period)
|
| monetarySystem | pre-decimal ⓘ |
| partOf |
Sterling area
ⓘ
surface form:
sterling area
|
| peggedAt | par with pound sterling ⓘ |
| peggedTo |
Pound sterling
ⓘ
surface form:
pound sterling
|
| reasonForReplacement |
creation of distinct national currency (rand) separate from sterling
ⓘ
decimalization of South African currency system ⓘ |
| region | Southern Africa ⓘ |
| replaced |
Cape rixdollar
ⓘ
surface form:
Cape pound
Natal pound ⓘ Orange River Colony pound ⓘ Transvaal pound ⓘ pound sterling (in Union of South Africa) ⓘ |
| replacedBy | South African rand ⓘ |
| replacedByAtRate |
1 rand = 10 shillings
ⓘ
2 rand = 1 pound ⓘ |
| status | obsolete ⓘ |
| subunit |
penny
ⓘ
shilling ⓘ |
| subunitRatio |
1 pound = 20 shillings
ⓘ
1 pound = 240 pence ⓘ 1 shilling = 12 pence ⓘ |
| successorCurrency | South African rand banknotes and coins ⓘ |
| symbol | £ ⓘ |
| type | fiduciary money ⓘ |
| usedAlongside | pound sterling (in some external transactions) ⓘ |
| usedBy |
South African Reserve Bank
ⓘ
surface form:
South African Reserve Bank (late period)
government of the Union of South Africa ⓘ |
| usedFor |
domestic transactions in South Africa
ⓘ
international trade settlements linked to sterling area ⓘ |
| usedIn |
Namibia
ⓘ
surface form:
South West Africa
|