DOCSLIB.ORG

St Helena Currency Obtaining Funds Branch and Kiosk Opening Times

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
St Helena Currency Obtaining Funds Branch and Kiosk Opening Times ST HELENA CURRENCY The St Helena Pound (SHP) is the local currency. However, the Great British Pound (GBP), which has parity with SHP, is also widely accepted on Island. Most business outlets accept cash payments only. There is NO ATM service on St Helena. Visitors should take the opportunity to withdraw or exchange currency upon arrival to the Island at the Bank of St Helena Currency Exchange Kiosk, located on the ground floor of the St Helena Airport Terminal. Female WC/ Baby Changing Security Passage Arrival Customs Channel Gate Landside Bank Concourse Kiosk Retail Outlet Main Entrance Layout of Arrivals Terminal at St Helena Airport (approx.), with relevant position of Bank of St Helena Currency Exchange Kiosk OBTAINING FUNDS Make Cash Withdrawal against your Debit or Credit Card at all of our Branches and Kiosks. We accept cards in the following schemes. (A 5% charge will apply, with a minimum charge of £2.50 - customers must provide the relevant Identification documents, see the identification requirements section overleaf) BRANCH AND KIOSK OPENING TIMES Day Branch St Helena Ascension Monday 08:45 - 15:00 08:45 - 15:00 Tuesday 08:45 - 15:00 08:45 - 15:00 Wednesday 08:45 - 15:00 08:45 - 15:00 Thursday 08:45 - 15:00 08:45 - 12:00 Friday 08:45 - 15:00 08:45 - 15:00 Saturday 09:00 - 12:00 09:00 - 12:00 The Banking Kiosk at the Customs Terminal at the Seafront in Jamestown opens every Thursday and Friday from 09:00 to 14:30 THE BANK’S CURRENCY EXCHANGE KIOSK AT ST HELENA AIRPORT WILL OPEN FOR ARRIVAL AND DEPARTURE OF COMMERCIAL FLIGHTS ONLY, FROM 10:00 TO 14:30. Any changes to Branch or Kiosk opening times will be published KJ George OTHER USEFUL INFORMATION South African Rand (ZAR), EURO (EUR) and US Dollar (USD) currency (notes) can be exchanged at any of our Branches or Kiosks, subject to availability. Bank of St Helena will also buy EUR, USD or ZAR but only in note denominations (this excludes the €500 notes). A limited supply of GBP Sterling is also available, with a 2% commission charge (against SHP only). Bank of St Helena Rates of Exchange are advertised on our website, www.sainthelenabank.com, rates are set weekly, effective from every Monday. TRAVELLERS CHEQUES The Bank can encash GBP Travellers Cheques only. These must be accompanied by the required supporting documentation (see the Identification Requirements below). The charge for this service is 2% commission on the value of the Travellers Cheque, with a minimum charge of £1.00 REMEMBER THERE ARE NO ATMS ON ISLAND Visit our Currency Exchange Kiosk at the St Helena Airport at the beginning of your stay for your cash and currency requirements Supporting Identification Requirements Signed, picture identification must be provided for the Credit/Debit Card and cheque encashment services. (A valid passport or Driver’s Licence). Head Office: Market Street · Jamestown · St Helena Island · STHL 1ZZ T. +290 22390 · F. +290 22553 · e m a i l . [email protected] · w e b . www.sainthelenabank.com Established and regulated under the Financial Services Ordinance, 2008, the Financial Services Regulations, 2017 and the Company Ordinance, 2004. .
Load more

Recommended publications
  • Treasury Reporting Rates of Exchange As of December 31, 2018
    TREASURY REPORTING RATES OF EXCHANGE AS OF DECEMBER 31, 2018 COUNTRY-CURRENCY F.C. TO $1.00 AFGHANISTAN - AFGHANI 74.5760 ALBANIA - LEK 107.0500 ALGERIA - DINAR 117.8980 ANGOLA - KWANZA 310.0000 ANTIGUA - BARBUDA - E. CARIBBEAN DOLLAR 2.7000 ARGENTINA-PESO 37.6420 ARMENIA - DRAM 485.0000 AUSTRALIA - DOLLAR 1.4160 AUSTRIA - EURO 0.8720 AZERBAIJAN - NEW MANAT 1.7000 BAHAMAS - DOLLAR 1.0000 BAHRAIN - DINAR 0.3770 BANGLADESH - TAKA 84.0000 BARBADOS - DOLLAR 2.0200 BELARUS - NEW RUBLE 2.1600 BELGIUM-EURO 0.8720 BELIZE - DOLLAR 2.0000 BENIN - CFA FRANC 568.6500 BERMUDA - DOLLAR 1.0000 BOLIVIA - BOLIVIANO 6.8500 BOSNIA- MARKA 1.7060 BOTSWANA - PULA 10.6610 BRAZIL - REAL 3.8800 BRUNEI - DOLLAR 1.3610 BULGARIA - LEV 1.7070 BURKINA FASO - CFA FRANC 568.6500 BURUNDI - FRANC 1790.0000 CAMBODIA (KHMER) - RIEL 4103.0000 CAMEROON - CFA FRANC 603.8700 CANADA - DOLLAR 1.3620 CAPE VERDE - ESCUDO 94.8800 CAYMAN ISLANDS - DOLLAR 0.8200 CENTRAL AFRICAN REPUBLIC - CFA FRANC 603.8700 CHAD - CFA FRANC 603.8700 CHILE - PESO 693.0800 CHINA - RENMINBI 6.8760 COLOMBIA - PESO 3245.0000 COMOROS - FRANC 428.1400 COSTA RICA - COLON 603.5000 COTE D'IVOIRE - CFA FRANC 568.6500 CROATIA - KUNA 6.3100 CUBA-PESO 1.0000 CYPRUS-EURO 0.8720 CZECH REPUBLIC - KORUNA 21.9410 DEMOCRATIC REPUBLIC OF CONGO- FRANC 1630.0000 DENMARK - KRONE 6.5170 DJIBOUTI - FRANC 177.0000 DOMINICAN REPUBLIC - PESO 49.9400 ECUADOR-DOLARES 1.0000 EGYPT - POUND 17.8900 EL SALVADOR-DOLARES 1.0000 EQUATORIAL GUINEA - CFA FRANC 603.8700 ERITREA - NAKFA 15.0000 ESTONIA-EURO 0.8720 ETHIOPIA - BIRR 28.0400
    [Show full text]
  • The Relationship Between the South African Rand and Commodity Prices: Examining Cointegration and Causality Between the Nominal Asset Classes
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Wits Institutional Repository on DSPACE THE RELATIONSHIP BETWEEN THE SOUTH AFRICAN RAND AND COMMODITY PRICES: EXAMINING COINTEGRATION AND CAUSALITY BETWEEN THE NOMINAL ASSET CLASSES BY XOLANI NDLOVU [STUDENT NUMBER: 511531] SUPERVISOR: PROF. ERIC SCHALING RESEARCH THESIS SUBMITTED TO THE FACULTY OF COMMERCE LAW & MANAGEMENT IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF THE MASTER OF MANAGEMENT IN FINANCE & INVESTMENT DEGREE UNIVERSITY OF THE WITWATERSRAND WITS BUSINESS SCHOOL Johannesburg November 2010 “We wa nt to see a competitive and stable exchange rate, nothing more, nothing less.” Tito Mboweni (8 th Governor of the SARB, 1999 -2009) 2 ABSTRACT We employ OLS analysis on a VAR Model to test the “commodity currency” hypothesis of the Rand (i.e. that the currency moves in sympathy with commodity prices) and examine the associated causality using nominal data between 1996 and 2010. We address the question of cointegration using the Engle-Granger test. We find that level series of both assets are difference stationary but not cointegrated. Further, we find the two variables negatively related with strong and significant causality running from commodity prices to the exchange rate and not vice versa, implying exogeneity to the determination of commodity prices with respect to the nominal exchange rate. The strength of the relationship is significantly weaker than other OECD commodity currencies. We surmise that the relationship is dynamic over time owing to the portfolio-rebalance argument and the Commodity Terms of Trade (CTT) effect and in the absence of an error correction mechanism, this disconnect may be prolonged.
    [Show full text]
  • Is the Botswana Pula Misaligned?
    BIDPA Working Paper 33 July 2012 Is the Botswana Pula Misaligned? Haile Taye BOTSWANA INSTITUTE FOR DEVELOPMENT POLICY ANALYSIS BIDPA The Botswana Institute for Development Policy Analysis (BIDPA) is an independent trust, which started operations in 1995 as a non-governmental policy research institution. BIDPA’s mission is to inform policy and build capacity through research and consultancy services. BIDPA is funded by the Botswana government and the African Capacity Building Foundation. BIDPA Working Paper Series The series comprises of papers which reflect work in progress or limited research efforts, which may be of interest to researchers and policy makers, or of a public education character. Working papers may already have been published elsewhere or may appear in other publications. Haile Taye is a Senior Research Fellow at the Botswana Institute for Development Policy Analysis. ISBN: 99912-65-44-9 © Botswana Institute for Development Policy Analysis, 2012 Disclaimer: The views expressed in this document are entirely those of the author and do not necessarily reflect the official opinion of BIDPA. TABLE OF CONTENTS Acknowledgements ................................................................................................. iv Abstract ................................................................................................................... iv 1. Introduction ......................................................................................................... 1 2. Determinants of the Equilibrium Exchange Rate ............................................
    [Show full text]
  • The Effects of Sentiments on the Dollar Rand (USD/ZAR) Exchange Rate
    The effects of sentiments on the dollar rand (USD/ZAR) exchange rate Kgomotso Euginia Mogotlane 772836 A research article submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand, in partial fulfilment of the requirements for the degree of Master of Business Administration Johannesburg, 2017 DECLARATION I, Kgomotso Euginia Mogotlane, declare that this research article is my own work except as indicated in the references and acknowledgements. It is submitted in partial fulfilment of the requirements for the degree of Master of Business Administration in the Graduate School of Business Administration, University of the Witwatersrand, Johannesburg. It has not been submitted before for any degree or examination in this or any other university. Kgomotso Euginia Mogotlane Signed at …………………………………………………… On the …………………………….. day of ………………………… 2017 ii DEDICATION This research article is dedicated to the memory of my angels in heaven, may your souls continue to rest in eternal peace, love and light in the presence of our Almighty. I know you always shining down on me from heaven and this is the only way I can shine back. Hope you are all proud of me. I did it for you!!! Samuel Diswantsho Mogotlane. Delia Shirley Mogotlane. Moses Willy Seponana Mogotlane. iii ACKNOWLEDGEMENTS I would like to thank God Almighty, for indeed He is faithful. Jeremiah 29:11 “For I know the plans I have for you, declares the Lord. Plans to prosper you and not harm you, plans to give you hope and a future.” I would also like to sincerely thank the following people for their assistance and support throughout my MBA journey: My supervisor, Dr Deenadayalen Konar for his assistance and guidance throughout the research process.
    [Show full text]
  • Assessing the Attractiveness of Cryptocurrencies in Relation to Traditional Investments in South Africa
    Assessing the attractiveness of cryptocurrencies in relation to traditional investments in South Africa A Dissertation presented to The Development Finance Centre (DEFIC) Graduate School of Business University of Cape Town In partial fulfilment of the requirements for the Degree of Master of Commerce in Development FinanceTown by LehlohonoloCape Letho LTHLEH001of February 2019 Supervisor: Dr Grieve Chelwa University The copyright of this thesis vests in the author. No quotation from it or information derivedTown from it is to be published without full acknowledgement of the source. The thesis is to be used for private study or non- commercial research purposes Capeonly. of Published by the University of Cape Town (UCT) in terms of the non-exclusive license granted to UCT by the author. University i PLAGIARISM DECLARATION I know that plagiarism is wrong. Plagiarism is to use another’s work and pretend that it is one’s own. I have used the American Psychological Association 6th edition convention for citation and referencing. Each contribution to, and quotation in, this dissertation from the work(s) of other people has been attributed, and has been cited and referenced. This dissertation is my own work. I have not allowed, and will not allow, anyone to copy my work with the intention of passing it off as his or her own work. I acknowledge that copying someone else’s assignment or essay, or part of it, is wrong, and declare that this is my own work. Signature________________ Date ____8 February 2019 _____________ ii ACKNOWLEDGEMENTS I would like to acknowledge my supervisor, Dr Grieve Chelwa for the thorough reviews that he provided me with on my research.
    [Show full text]
  • The Pound Sterling
    ESSAYS IN INTERNATIONAL FINANCE No. 13, February 1952 THE POUND STERLING ROY F. HARROD INTERNATIONAL FINANCE SECTION DEPARTMENT OF ECONOMICS AND SOCIAL INSTITUTIONS PRINCETON UNIVERSITY Princeton, New Jersey The present essay is the thirteenth in the series ESSAYS IN INTERNATIONAL FINANCE published by the International Finance Section of the Department of Economics and Social Institutions in Princeton University. The author, R. F. Harrod, is joint editor of the ECONOMIC JOURNAL, Lecturer in economics at Christ Church, Oxford, Fellow of the British Academy, and• Member of the Council of the Royal Economic So- ciety. He served in the Prime Minister's Office dur- ing most of World War II and from 1947 to 1950 was a member of the United Nations Sub-Committee on Employment and Economic Stability. While the Section sponsors the essays in this series, it takes no further responsibility for the opinions therein expressed. The writer's are free to develop their topics as they will and their ideas may or may - • v not be shared by the editorial committee of the Sec- tion or the members of the Department. The Section welcomes the submission of manu- scripts for this series and will assume responsibility for a careful reading of them and for returning to the authors those found unacceptable for publication. GARDNER PATTERSON, Director International Finance Section THE POUND STERLING ROY F. HARROD Christ Church, Oxford I. PRESUPPOSITIONS OF EARLY POLICY S' TERLING was at its heyday before 1914. It was. something ' more than the British currency; it was universally accepted as the most satisfactory medium for international transactions and might be regarded as a world currency, even indeed as the world cur- rency: Its special position waS,no doubt connected with the widespread ramifications of Britain's foreign trade and investment.
    [Show full text]
  • Purchasing Power Parity Theory for Pula/Rand and Pula/Us Dollar
    2020-3704-AJBE – 18 MAY 2020 1 Purchasing Power Parity Theory For Pula/Rand and 2 Pula/Us Dollar Exchange Rates In Botswana 3 * ± 4 By Sethunya Sejoe , Narain Sinha and Zibanani Kahaka 5 6 7 Botswana is heavily dependent on mineral exports which are influenced by 8 Pula Dollar exchange rate. On the otherhand, imports in Botswana are 9 influenced by the Pula Rand exchange rate. This paper attempts to examine 10 the Purchasing Power Parity (PPP) theory considering both exchange rates 11 namely Pula/Rand and Pula/US dollar in Botswana for a period of 1976- 12 2016. Five cointegration methods have been employed to determine the 13 validity of the theory between these two exchange rates. The analysis of the 14 results showed that there was no long-run relationship between the variables 15 in both cases of Pula/Rand and Pula/US dollar exchange rates when using 16 the Engle-Granger cointegration method. Johansen cointegration test 17 inidicates one cointegrating vector. However, error correction model (ECM) 18 showed rapid deviation of the variables to the long-run equilibrium, 19 indicating a short-run cointegration relationship for Pula/Rand and Pula/US 20 dollar exchange rates. A further investigation of a long-run PPP was 21 conducted using the autoregressive distribution lag model (ARDL) bond 22 approach. The results showed that the variables were cointegrated with each 23 other for both Botswana and South Africa and between Botswana and 24 United States of America. This indicated a long-run association between the 25 variables and validated the long-run PPP theory between Botswana and 26 South Africa and between Botswana and United States of America.
    [Show full text]
  • The Implications of Pegging the Botswana Pula to the U.S. Dollar
    The African e-Journals Project has digitized full text of articles of eleven social science and humanities journals. This item is from the digital archive maintained by Michigan State University Library. Find more at: http://digital.lib.msu.edu/projects/africanjournals/ Available through a partnership with Scroll down to read the article. The Implications of Pegging the Botswana Pula to the U.S. Dollar O. Ochieng INTRODUCTION The practice of peg~ing the currency of one country to another is widespread in the world: of the 141 countries in the world considered as of March 31, 1979, only 32 (23%) national currencies were not pegRed to other currencies and in Africa only 3 out of 41 were unpegGed (Tahle 1); so that the fundamental question of whether to ~eg a currency or not is already a decided matter for many countries, and what often remains to be worked out is, to which currency one should pef one's currency. Judging from the way currencies are moved from one peg to another, it seems that this issue is far from being settled. Once one has decided to peg one's currency to another, there are three policy alternatives to select from: either a country pegs to a single currency; or pegs to a specific basket of currencies; or pegs to Special Drawing Rights (SDR). Pegging a wea~ currency to a single major currency seems to ~e the option that i~ most favoured by less developed countries. The ex-colonial countries generally pegged their currencies to that of their former colonial master at independence.
    [Show full text]
  • South Africans, Cryptocurrencies and Taxation
    May 2018 Research report South Africans, Cryptocurrencies and Taxation Page 1 of 46 Page 2 of 46 CONTENTS Introduction 4 Hypotheses 5 Methodology 5 Findings 7 1. Market size 7 2. Forecast growth 9 3. Motivations for buying cryptocurrencies 11 2017: the year of “get rich quick” 11 Long term HODLers & professional curiosity 13 High-frequency traders 16 Emergency funds and goal-based savings 16 Untraceable transactions 17 4. Portfolio size and diversification 18 5. Platforms, exchanges, apps and tools 21 6. Perceptions of cryptocurrency taxation amongst investors 25 7. Perceptions of cryptocurrency taxation amongst tax professionals 28 Levels of comfort advising around tax and cryptocurrency 28 Opinions on cryptocurrency taxation 29 Risks for tax professionals 31 Data wrangling is a major pain point 32 Creating a paper trail 32 8. Taxation: the evolving regulatory framework 35 Conclusion 37 9. Demographics 38 Conclusion 42 Appendices 43 Appendix A: Research Limitations 43 Appendix B: Survey questions 44 Page 3 of 46 INTRODUCTION Introduction Although Satoshi Nakamoto’s white paper introducing the concept of Bitcoin to the world was first published a full decade ago, South African interest in cryptocurrencies was mostly confined to niche tech and finance communities. This all changed during 2017, when local interest in cryptocurrencies became stratospheric. In fact, over the past 12 months, South Africa had the highest search interest in “Bitcoin” on Google for any region in the world1. But beyond the interest, little substantive research has been done into how many South Africans are actually buying, trading and “hodling” cryptocurrencies, and why, and public understanding about how cryptocurrency behaviour is taxed.
    [Show full text]
  • The Renminbi's Ascendance in International Finance
    207 The Renminbi’s Ascendance in International Finance Eswar S. Prasad The renminbi is gaining prominence as an international currency that is being used more widely to denominate and settle cross-border trade and financial transactions. Although China’s capital account is not fully open and the exchange rate is not entirely market determined, the renminbi has in practice already become a reserve currency. Many central banks hold modest amounts of renminbi assets in their foreign exchange reserve portfolios, and a number of them have also set up local currency swap arrangements with the People’s Bank of China. However, China’s shallow and volatile financial markets are a major constraint on the renminbi’s prominence in international finance. The renminbi will become a significant reserve currency within the next decade if China continues adopting financial-sector and other market-oriented reforms. Still, the renminbi will not become a safe-haven currency that has the potential to displace the U.S. dollar’s dominance unless economic reforms are accompanied by broader institutional reforms in China. 1. Introduction This paper considers three related but distinct aspects of the role of the ren- minbi in the global monetary system and describes the Chinese government’s actions in each of these areas. First, I discuss changes in the openness of Chi- na’s capital account and the degree of progress towards capital account convert- ibility. Second, I consider the currency’s internationalization, which involves its use in denominating and settling cross-border trades and financial transac- tions—that is, its use as an international medium of exchange.
    [Show full text]
  • AGI Markets Monitor: Rising Commodity Prices, Mozambique's
    AGI Markets Monitor: Rising commodity prices, Mozambique’s debt crisis, and Nigeria’s parallel exchange market October 2016 update The Africa Growth Initiative (AGI) Markets Monitor aims to provide up-to-date financial market and foreign exchange analysis for Africa watchers with a wide range of economic, business, and financial interests in the continent. Following the May 2016 and July 2016 updates, the October 2016 update continues tracking the diverse performances of African financial and foreign exchange markets through September 30, 2016. We offer our main findings on key recent events influencing the region’s economies: the recent rise of fuel and metal prices, Mozambique’s and Nigeria’s credit rating downgrades, and the fall of the Nigerian naira following the June 2016 implementation of the flexible exchange rate system. Commodity prices continue upward trend From January to September 2016, the International Monetary Fund’s (IMF) all commodity price index increased by 23 percent, especially bolstered by mounting fuel and metals prices, as shown in Figures 1 and 2. According to the IMF’s October 2016 World Economic Outlook, the increases in fuel prices have been driven in large part by rising natural gas prices in the U.S. (due to weather trends), surging coal prices in Australia and South Africa, and gradually increasing crude oil prices, which, after hitting a 10-year low in January 2016, have risen by 50 percent to $45 in August. On September 28, the Organization of the Petroleum Exporting Countries (OPEC) agreed to reduce crude output to between 32.5 to 33 million barrels a day, increasing spot oil prices by $2.5/bbl.
    [Show full text]
  • Countries Codes and Currencies 2020.Xlsx
    World Bank Country Code Country Name WHO Region Currency Name Currency Code Income Group (2018) AFG Afghanistan EMR Low Afghanistan Afghani AFN ALB Albania EUR Upper‐middle Albanian Lek ALL DZA Algeria AFR Upper‐middle Algerian Dinar DZD AND Andorra EUR High Euro EUR AGO Angola AFR Lower‐middle Angolan Kwanza AON ATG Antigua and Barbuda AMR High Eastern Caribbean Dollar XCD ARG Argentina AMR Upper‐middle Argentine Peso ARS ARM Armenia EUR Upper‐middle Dram AMD AUS Australia WPR High Australian Dollar AUD AUT Austria EUR High Euro EUR AZE Azerbaijan EUR Upper‐middle Manat AZN BHS Bahamas AMR High Bahamian Dollar BSD BHR Bahrain EMR High Baharaini Dinar BHD BGD Bangladesh SEAR Lower‐middle Taka BDT BRB Barbados AMR High Barbados Dollar BBD BLR Belarus EUR Upper‐middle Belarusian Ruble BYN BEL Belgium EUR High Euro EUR BLZ Belize AMR Upper‐middle Belize Dollar BZD BEN Benin AFR Low CFA Franc XOF BTN Bhutan SEAR Lower‐middle Ngultrum BTN BOL Bolivia Plurinational States of AMR Lower‐middle Boliviano BOB BIH Bosnia and Herzegovina EUR Upper‐middle Convertible Mark BAM BWA Botswana AFR Upper‐middle Botswana Pula BWP BRA Brazil AMR Upper‐middle Brazilian Real BRL BRN Brunei Darussalam WPR High Brunei Dollar BND BGR Bulgaria EUR Upper‐middle Bulgarian Lev BGL BFA Burkina Faso AFR Low CFA Franc XOF BDI Burundi AFR Low Burundi Franc BIF CPV Cabo Verde Republic of AFR Lower‐middle Cape Verde Escudo CVE KHM Cambodia WPR Lower‐middle Riel KHR CMR Cameroon AFR Lower‐middle CFA Franc XAF CAN Canada AMR High Canadian Dollar CAD CAF Central African Republic
    [Show full text]