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.

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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

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Transvaal currency South African pound
South African rand replaced South African pound