South West African pound
Encyclopedia
The South West Africa
n pound
was issued 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until 1961, when they were withdrawn and replaced with Rand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.
South West Africa
South-West Africa was the name that was used for the modern day Republic of Namibia during the earlier eras when the territory was controlled by the German Empire and later by South Africa....
n pound
Pound (currency)
The pound is a unit of currency in some nations. The term originated in England as the value of a pound of silver.The word pound is the English translation of the Latin word libra, which was the unit of account of the Roman Empire...
was issued between the 1930s and 1959 by the Standard Bank of South Africa Limited, Barclays Bank (Dominion, Colonial and Overseas), and Volkskas Limited
Volkskas Limited
Volkskas 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 Bank, Allied Bank and Trust Bank to form Amalgamated Banks of South Africa.The...
. These notes circulated along with the South African pound
South African pound
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, the British pound sterling and its associated subsidiary coinage became the currency of...
notes of the South African Reserve Bank
South African Reserve Bank
The South African Reserve Bank 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...
until 1961, when they were withdrawn and replaced with Rand
South African rand
The rand is the currency of South Africa. It takes its name from the Witwatersrand , the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. The rand has the symbol "R" and is subdivided into 100 cents, symbol "c"...
notes only. The South West African pound was pegged at par with the South African pound, which had replaced the South West African mark
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....
in 1918.