St Helena’s forgotten currency board

The tiny isle of St Helena was discovered in 1502 and settled permanently by the East India Company in 1659. It was only after the British dispatched Napoleon to its shores in 1815 that St Helena became a real "place," however.

In the monetary sphere, St Helena wasn't on the map until 1976. Until then, the British dependency did not have its own unit of account and primarily used currencies issued elsewhere. That changed, however, when the passage of the Currency Fund Ordinance of 1975 and the

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