The livre was the currency of Kingdom of France and its predecessor state of West Francia from 781 to 1794. Several different livres existed; the livre was the name of both units of account and coins. The livre was established by Charlemagne as a unit of account equal to one pound of silver, it was subdivided into each of 12 deniers. The word livre came from a Roman unit of weight; this system and the denier itself served as the model for many of Europe's currencies, including the British pound, Italian lira, Spanish dinero and the Portuguese dinheiro. This first livre is known as the livre carolingienne. Only deniers were minted, but debasement led to larger denominations being issued. Different mints in different regions used different weights for the denier, leading to several distinct livres of different values. "Livre" is a homonym of the French word for "book", the distinction being that the two have a different gender. The monetary unit is la/une livre, while "book" is masculine, le/un livre.
For much of the Middle Ages, different duchies of France were semi-autonomous if not independent from the weak Capetian kings, thus each minted their own currency. Charters would need to specify which region or mint was being used: "money of Paris" or "money of Troyes"; the first steps towards standardization came under the first strong Capetian monarch, Philip II Augustus. Philip II conquered much of the continental Angevin Empire from King John of England, including Normandy and Touraine; the currency minted at the city of Tours in Touraine was considered stable, Philip II decided to adopt the livre tournois as the standard currency of his lands replacing the livre of Paris, the currencies of all French-speaking areas he controlled. This was a slow process lasting many decades and not completed within Philip II's lifetime; the result was that from 1200 onwards, following the beginning of King Philip II's campaigns against King John, the currency used within French speaking lands was in a state of flux, as the livre tournois was introduced into other areas.
Until the thirteenth century and onwards, only deniers were minted as coin money. Both livres and sous did not exist as coins but were used only for accounting purposes. Upon his return from the crusades in the 1250s, Louis IX instigated a royal monopoly on the minting of coinage in France and minted the first gold écu d'or and silver gros d'argent, whose weights were equivalent to the livre tournois and the denier. Between 1360 and 1641, coins worth 1 livre tournois were minted known as francs; this name persisted in common parlance for 1 livre tournois but was not used on coins or paper money. The official use of the livre tournois accounting unit in all contracts in France was legislated in 1549. However, in 1577, the livre tournois accounting unit was abolished and replaced by the écu, at that time the major French gold coin in actual circulation. In 1602, the livre tournois accounting unit was brought back. Louis XIII of France stopped minting the franc in 1641, replacing it with coins based on the silver écu and gold Louis d'or.
The écu and louis d'or fluctuated in value, with the écu varying between three and six livres tournois until 1726 when it was fixed at six livres. The louis was worth ten livres, fluctuated too, until its value was fixed at twenty-four livres in 1726. In 1667, the livre parisis was abolished. However, the sole remaining livre was still referred to as the livre tournois until its demise; the first French paper money was denominated in livres tournois. However, the notes did not hold their value relative to silver due to massive over–production; the Banque Royale crashed in 1720. In 1726, under Louis XV's minister Cardinal Fleury, a system of monetary stability was put in place. Eight ounces of gold was worth 9 sols; this led to a strict conversion rate between gold and silver and established the values of the coins in circulation in France at: the Louis d'or of 24 livres the double Louis d'or of 48 livres the demi-Louis d'or or half-Louis of 12 livres the écu of 6 livres or 120 sols, along with 1⁄2, 1⁄4 and 1⁄8 écu denominations valued at 60, 30 and 15 sols the sol denominated in 1 and 2 sol units valued at 1⁄20 livre per sol the denier denominated in 3 and 6 denier units valued at 1⁄4 and 1⁄2 sol respectively.
A coin of value 1 livre was not, minted. Yet in 1720 a special coin minted in pure silver was assigned an over-value of 1 livre. Additionally, France took Navarrese 20-sol coins minted in 1719 and 1720, re-struck them as 1⁄6 écu creating a coin worth 1 livre; these re-struck coins, however were assigned the value of 18 sols. A kind of paper money was reintroduced by the Caisse d'Escompte in 1776 as actions au porteur, denominated in livres; these were issued until 1793, alongside assignats from 1789. Assignats were backed by government-held land. Like the issues of the Banque Royale, their value plummeted; the last coins and notes of the livre currency system were issued in Year II of the Republic. In 1795, the franc was intro
Brixton is a district of South London, within the London Borough of Lambeth. The area is identified in the London Plan as one of 35 major centres in Greater London. Brixton is residential with a prominent street market and substantial retail sector, it is a multiethnic community, with a large percentage of its population of Afro-Caribbean descent. It lies within Inner South London and is bordered by Stockwell, Streatham, Tulse Hill and Herne Hill; the district houses the main offices of the London Borough of Lambeth. Brixton is 2.7 miles south-southwest from the geographical centre of London near Brixton Underground station. The name Brixton is thought to originate from Brixistane, meaning the stone of Brixi, a Saxon lord. Brixi is thought to have erected a boundary stone to mark the meeting place of the ancient hundred court of Surrey; the location is unknown but is thought to be at the top of Brixton Hill, at a road known at the time as Bristow or Brixton Causeway, long before any settlement in the area.
Brixton marks the rise from the marshes of North Lambeth up to the hills of Upper Norwood and Streatham. At the time the River Effra flowed from its source in Upper Norwood through Herne Hill to Brixton. At Brixton the river was crossed by low bridges for Roman roads to the south coast of Britain, now Brixton Road and Clapham Road; the main roads were connected through a network of medieval country lanes, such as Acre Lane, Coldharbour Lane, Brixton Water Lane and Lyham Road Black Lane. It was only at the end of the 18th century that villages and settlements formed around Brixton, as the original woodland was reduced until the area was covered in farmland and market gardens known for game and strawberries; the area remained undeveloped until the beginning of the 19th century, the main settlements being near Stockwell, Brixton Hill and Coldharbour Lane. With the opening of Vauxhall Bridge in 1816, improved access to Central London led to a process of suburban development; the largest single development, one of the last in suburban character, was Angell Town, laid out in the 1850s on the east side of Brixton Road, so named after a family that owned land in Lambeth from the late 17th century until well into the 20th.
One of a few surviving windmills in London, built in 1816, is just off Brixton Hill and surrounded by houses built during Brixton's Victorian expansion. When the London sewerage system was constructed during the mid-19th century, its designer Sir Joseph Bazalgette incorporated flows from the River Effra, which used to flow through Brixton, into his'high-level interceptor sewer' known as the Effra sewer. Brixton was transformed into a middle class suburb between the 1890s. Railways linked Brixton with the centre of London when the Chatham Main Line was built through the area by the London and Dover Railway in the 1860s. In 1888, Electric Avenue was so named after it became the first street in London to be lit by electricity. In this time, large expensive houses were constructed along the main roads in Brixton, which were converted into flats and boarding houses at the start of the 20th century as the middle classes were replaced by an influx of the working classes. By 1925, Brixton attracted thousands of new people.
It housed the largest shopping centre in South London at the time, as well as a thriving market, pubs and a theatre. In the 1920s, Brixton was the shopping capital of South London with three large department stores and some of the earliest branches of what are now Britain's major national retailers. Today, Brixton Road is the main shopping area, fusing into Brixton Market. A prominent building on Brixton High Street is Morleys, an independent department store established in the 1880s. On the western boundary of Brixton with Clapham stands the Sunlight Laundry, an Art Deco factory building. Designed by architect F. E. Simpkins and erected in 1937, this is one of the few art deco buildings, still owned by the firm that commissioned it and is still used for its original purpose; the Brixton area was bombed during World War II, contributing to a severe housing crisis, which in turn led to urban decay. This was followed by the building of council housing. In the 1940s and 1950s, many immigrants from the West Indies and Ireland, settled in Brixton.
More recent immigrants include other European citizens. Brixton has an ageing population, which affects housing strategies in the area; the first wave of immigrants who formed the British African-Caribbean community arrived in 1948 at Tilbury Docks on the HMT Empire Windrush from Jamaica and were temporarily housed in the Clapham South deep shelter. The nearest Labour Exchange was on Coldharbour Lane and the new arrivals spread out into local accommodation. Many immigrants only intended to stay in Britain for a few years, but although a number returned to the Caribbean, the majority remained to settle permanently; the arrival of the passengers has become an important landmark in the history of modern Britain, the image of West Indians filing off its gangplank has come to symbolise the beginning of modern British multicultural society. In 1998 the area in front of the Tate Library in Brixton was renamed "Windrush Square" to mark the 50th anniversary of the arrival of the Windrush. Brixton was the scene of riots in April 1981 at a time when Brixton underwent deep social and economic problems—high unemployment, high crime, poor housing, no amenities—in a predominantly African-Caribbean community.
The Metropolitan Police began Operation Swamp 81 at the beginning of April, aimed at reducing street crime through the repeated u
The pound is the currency of Jersey. Jersey is in currency union with the United Kingdom, the Jersey pound is not a separate currency but is an issue of banknotes and coins by the States of Jersey denominated in pound sterling, in a similar way to the banknotes issued in Scotland and Northern Ireland, it can be exchanged at par with notes. For this reason, ISO 4217 does not include a separate currency code for the Jersey pound, but where a distinct code is desired JEP is used. Both Jersey and Bank of England notes are legal tender in Jersey and circulate together, alongside the Guernsey pound and Scottish banknotes; the Jersey notes are not legal tender in the United Kingdom but are legal currency, so creditors and traders may accept them if they so choose. The livre was the currency of Jersey until 1834, it consisted of French coins which, in the early 19th century, were exchangeable for sterling at a rate of 26 livres = 1 pound. After the livre was replaced by the franc in France in 1795, the supply of coins in Jersey dwindled leading to difficulties in trade and payment.
In 1834, an Order in Council adopted the pound sterling as Jersey's sole official legal tender, although French copper coins continued to circulate alongside British silver coins, with 26 sous equal to the shilling. Because the sous remained the chief small-change coins, when a new copper coinage was issued for Jersey in 1841, it was based on a penny worth 1⁄13 of a shilling, the equivalent of 2 sous; this system continued until 1877. Along with the rest of the British Isles, Jersey decimalised in 1971 and began issuing a full series of circulating coins from 1⁄2p to 50p. £1 and £2 denominations followed later. As of December 2005, there was £64.7m of Jersey currency in circulation. A profit of £2.8m earned on the issue of Jersey currency was received by the Treasurer of the States in 2005. £1 coins have a different design each year. Each new coin featured one of the coats of arms of the 12 parishes of Jersey; these were followed by a series of coins featuring sailing ships built in the island.
The motto round the milled edge of Jersey pound coins is: Caesarea Insula. Jersey £1 coins ceased to be legal tender in Jersey on 15 October 2017 to coincide with the withdrawal of the circular £1 coin in the UK; the UK's new 12-sided £1 coin is the only £1 coin, legal tender in the Island. In 1834, an Order in Council adopted the pound sterling as Jersey's sole official legal tender to replace the Jersey livre, although French copper coins continued to circulate alongside British silver coins, with 26 sous equal to the shilling; because the sous remained the chief small-change coins, when a new copper coinage was issued for Jersey in 1841, it was based on a penny worth 1⁄13 of a shilling, the equivalent of 2 sous. In 1841, copper 1⁄52, 1⁄26 and 1⁄13 shilling coins were introduced, followed by bronze 1⁄26 and 1⁄13 shilling in 1866. In 1877 a penny of 1⁄12 of a shilling was introduced, the system changed to 12 pence to the shilling. Bronze 1⁄48, 1⁄24 and 1⁄12 shilling were introduced.
This was the only issue of the 1⁄48 shilling denomination. Between 1949 and 1952 the end of the German occupation of the Channel Islands was marked by one million commemorative Liberation pennies that were struck for Jersey. In 1957, a nickel-brass 3 pence coin was introduced carrying the denomination "one fourth of a shilling"; the 1957 and 1960 issues were round, with a dodecagonal version introduced in 1964. In 1968, 5 and 10 pence coins were introduced, followed by 50 pence in 1969 and 1⁄2p, 1p and 2 pence in 1971 when decimalisation took place. All had the same size as the corresponding British coins; the reverse of the first issue of decimal coinage bore the coat of arms of Jersey as had previous coins. The ½ penny coin was last minted in 1981. A square £1 coin was issued in circulation in 1981 to mark the bicentenary of the Battle of Jersey; the square pound could not be accepted by vending machines and was not issued after 1981 although it remains in circulation today. When the rest of the British Isles started to introduce a standardised pound coin in 1983, Jersey changed to a round coin to match.
The square version although rare is still used in the islands. Neither round nor square versions of the coin are as common in Jersey as the £1 note. 20 pence coins were introduced in 1982 and £2 coins in 1998. In 1797 Hugh Godfray and Company, a wine merchant, issued £ 1 notes. Due to the shortage of livre tournois coinage and companies issued a large number of low value notes until in 1813 the States laid down that notes had to have a minimum value of £1; until 1831, a large number of bodies and individuals in Jersey issued their own banknotes. The parishes of Jersey issued notes. Legislation in 1831 attempted to regulate such issues by requiring note issuers to be backed by two guarantors, but the parishes and the Vingtaine de la Ville were exempted from the regulatory provisions. Most of the notes were 1 pound denominations; these locally produced notes, which were issued to fund public works, ceased to be issued after the 1890s. During the German occupation in the Second World War, a shortage of coinage led to the passing of the Currency Notes Law on 29 April 1941.
A series of 2 shilling notes were issued. The law was amended on 29 November 1941 to provide for further issues of notes of various denominations, a series of banknotes desi
Samoa the Independent State of Samoa and, until 4 July 1997, known as Western Samoa, is a country consisting of two main islands, Savai'i and Upolu, four smaller islands. The capital city is Apia; the Lapita people settled the Samoan Islands around 3,500 years ago. They developed Samoan cultural identity. Samoa is a unitary parliamentary democracy with eleven administrative divisions; the country is a member of the Commonwealth of Nations. Western Samoa was admitted to the United Nations on 15 December 1976; the entire island group, which includes American Samoa, was called "Navigator Islands" by European explorers before the 20th century because of the Samoans' seafaring skills. New Zealand scientists have dated remains in Samoa to about 2900 years ago; these were found at a Lapita site at Mulifanua and the findings were published in 1974. The origins of the Samoans are studied in modern research about Polynesia in various scientific disciplines such as genetics and anthropology. Scientific research is ongoing.
Intimate sociocultural and genetic ties were maintained between Samoa and Tonga, the archaeological record supports oral tradition and native genealogies that indicate inter-island voyaging and intermarriage between pre-colonial Samoans and Tongans. Notable figures in Samoan history included Queen Salamasina. Nafanua was a famous woman warrior, deified in ancient Samoan religion. Contact with Europeans began in the early 18th century. Jacob Roggeveen, a Dutchman, was the first known European to sight the Samoan islands in 1722; this visit was followed by French explorer Louis-Antoine de Bougainville, who named them the Navigator Islands in 1768. Contact was limited before the 1830s, when English missionaries and traders began arriving. Visits by American trading and whaling vessels were important in the early economic development of Samoa; the Salem brig Roscoe, in October 1821, was the first American trading vessel known to have called, the Maro of Nantucket, in 1824, was the first recorded United States whaler at Samoa.
The whalers came for fresh drinking water and provisions, they recruited local men to serve as crewmen on their ships. Christian missionary work in Samoa began in 1830 when John Williams of the London Missionary Society arrived in Sapapali'i from the Cook Islands and Tahiti. According to Barbara A. West, "The Samoans were known to engage in ‘headhunting', a ritual of war in which a warrior took the head of his slain opponent to give to his leader, thus proving his bravery." However, Robert Louis Stevenson, who lived in Samoa from 1889 until his death in 1894, wrote in A Footnote to History: Eight Years of Trouble in Samoa, "… the Samoans are gentle people." The Germans, in particular, began to show great commercial interest in the Samoan Islands on the island of Upolu, where German firms monopolised copra and cocoa bean processing. The United States laid its own claim, based on commercial shipping interests in Pearl River in Hawaii and Pago Pago Bay in Eastern Samoa, forced alliances, most conspicuously on the islands of Tutuila and Manu'a which became American Samoa.
Britain sent troops to protect British business enterprise, harbour rights, consulate office. This was followed by an eight-year civil war, during which each of the three powers supplied arms, training and in some cases combat troops to the warring Samoan parties; the Samoan crisis came to a critical juncture in March 1889 when all three colonial contenders sent warships into Apia harbour, a larger-scale war seemed imminent. A massive storm on 15 March 1889 destroyed the warships, ending the military conflict; the Second Samoan Civil War reached a head in 1898 when Germany, the United Kingdom, the United States were locked in dispute over who should control the Samoa Islands. The Siege of Apia occurred in March 1899. Samoan forces loyal to Prince Tanu were besieged by a larger force of Samoan rebels loyal to Mata'afa Iosefo. Supporting Prince Tanu were landing parties from four American warships. After several days of fighting, the Samoan rebels were defeated. American and British warships shelled Apia on 15 March 1899, including the USS Philadelphia.
Germany, the United Kingdom and the United States resolved to end the hostilities and divided the island chain at the Tripartite Convention of 1899, signed at Washington on 2 December 1899 with ratifications exchanged on 16 February 1900. The eastern island-group was known as American Samoa; the western islands, by far the greater landmass, became German Samoa. The United Kingdom had vacated all claims in Samoa and in return received termination of German rights in Tonga, all of the Solomon Islands south of Bougainville, territorial alignments in West Africa; the German Empire governed the western Samoan islands from 1900 to 1914. Wilhelm Solf was appointed the colony's first governor. In 1908, when the non-violent Mau a Pule resistance movement arose, Solf did not hesitate to banish the Mau leader Lauaki Namulau'ulu Mamoe to Saipan in the German Northern Mariana Islands; the German colonial administration governed on the principle that "there was only one government in the islands." Thus, there was no Samoan Tupu
Gilbert and Ellice Islands
The Gilbert and Ellice Islands were a British protectorate from 1892 and colony from 1916 until 1 January 1976, when the islands were divided into two colonies which became independent nations shortly after. A referendum was held in December 1974 to determine whether the Gilbert Islands and Ellice Islands should each have their own administration; as a consequence of the referendum, the Gilbert and Ellice Islands colony ceased to exist on 1 January 1976 and the separate countries of Kiribati and Tuvalu came into existence. The Gilbert Islands are a chain of sixteen atolls and coral islands in the western Pacific Ocean that are recognised as part of the Micronesia subregion of Oceania; the Gilbert Islands are the main part of what is now Republic of Kiribati The atolls and islands of the Gilbert Islands are arranged in an approximate north-to-south line. In a geographical sense, the equator serves as the dividing line between the northern Gilbert Islands and the southern Gilbert Islands; the Ellice Islands are south of the Gilbert Islands.
The Ellice Islands comprises three reef islands and six true atolls spread out between the latitude of 5° to 10° south and longitude of 176° to 180°, west of the International Date Line. The Ellice Islands are midway between Australia; the Ellice Islands are recognised as part of the Polynesia subregion of Oceania. In 1606 Pedro Fernandes de Queirós sighted Butaritari and Makin, which he named the Buen Viaje Islands; the Gilbert Islands were named in 1820 by a Russian Admiral, Baron Johann von Krusenstern, after a British captain, Thomas Gilbert, who encountered the archipelago in 1788 while exploring an Outer Passage route from Port Jackson to Canton. French captain Louis Duperrey was the first to map the whole Gilbert Islands archipelago, he commanded La Coquille on its circumnavigation of the earth. Funafuti atoll was named Ellice's Island after Edward Ellice, a British politician and merchant, by Captain Arent de Peyster, who sighted the islands in 1819 sailing on the ship Rebecca. Ellice owned the cargo of the ship.
The name Ellice was applied to all nine islands, of what is now Tuvalu, after the work of English hydrographer Alexander George Findlay. The Gilbert and Ellice Islands were designated an ISO 3166-1 alpha-2 country code "GE" until 1977. A protectorate was established over this area by the Pacific Islanders Protection Act of 1857 and in 1877 for the Western Pacific Territories; the sixteen islands of the Gilberts were declared a British Protectorate by Captain Davis R. N. of HMS Royalist between 27 May and 17 June 1892. The Ellice Islands were declared a British Protectorate by Captain Gibson R. N. of HMS Curacoa, between 9 and 16 October of the same year. The British Western Pacific Territories were administered by a High Commissioner resident in Fiji. A Resident Commissioner, Charles Swayne, was appointed for the Ellice Islands in 1892 and for the Gilbert Islands in 1893, he was succeeded by W. Telfer Campbell in 1896, who established himself on Tarawa Atoll and remained in office until 1908. Telfer Campbell was criticised for his legislative and administrative management and an inquiry was held by Arthur William Mahaffy, a former District Officer in the Gilbert and Ellice Islands, resulting in a report in 1909.
In 1913 an anonymous correspondent to the New Age journal described the maladministration of Telfer Campbell, linked it to criticisms of the Pacific Phosphate Company, operating on Ocean Island, questioned the impartiality of Mahaffy. The seat of government was moved to Ocean Island, included in the protectorate in 1900, to take advantage of the improved shipping connections resulting from the Pacific Phosphate Company's activities, the status of the islands was changed on 12 January 1916 to that of a Crown Colony; the role of the British colonial authorities emphasised the procurement of labour for the Ocean Island phosphate mining and keeping order among the workers. The islands became a Crown colony on 12 January 1916 by the Gilbert and Ellice Islands Order in Council, 1915. Fanning Island and Washington Island became included in the colony together with the islands of the Union Islands. S. under its Guano Islands Act of 1856. The Union Islands were transferred to New Zealand in 1926; the Gilbert and Ellice Islands colony continued to be administered by a Resident Commissioner.
In 1930 the Resident Commissioner, Arthur Grimble, issued revised laws, Regulations for the good Order and Cleanliness of the Gilbert and Ellice Islands, which replaced laws created during the BWTP. The Phoenix Islands were added to the colony in 1937. Banaba Island remained the headquarters of the colony until the British evacuation in 1942 during the Pacific War when Ocean Island and the Gilbert Islands were occupied by the Japanese; the United States forces landed in Funafuti on 2 October 1942 and on Nanumea and Nukufetau in August 1943 and constructed an airfield on each island and other bases. The atolls of Tuvalu acted as a staging post during the preparation for the Battle of Tarawa and the Battle of Makin that commenced on 20 November 1943. Colonel Fox-Strangways, was the Resident Commissioner of the Gilbert and Ellice Islands Colony in 1941, located on Funafuti. After World War II, the colony headquarters was re-established on Tarawa, first on Betio islet and subsequently on Bairiki islet.
By the Tokelau Act of 1948, sovereignty over Tokelau was transferred to New Zealand. The five islands of the Ce
Economy of Solomon Islands
A per capita GDP of $3,200 ranks Solomon Islands as a lesser developed nation. Over 75 % of its labour force is engaged in subsistence fishing; until 1998, when world prices for tropical timber fell steeply, timber was Solomon Islands main export product. In recent years, Solomon Islands forests were dangerously overexploited. Solomon Islands was hard hit by the Asian financial crisis before the ethnic violence of June 2000; the Asian Development Bank estimates that the crash of the market for tropical timber reduced Solomon Island's GDP by between 15%-25%. About one-half of all jobs in the timber industry were lost; the government has said it will reform timber harvesting policies with the aim of resuming logging on a more sustainable basis. In the wake of the ethnic violence in June 2000, exports of palm oil and gold ceased while exports of timber fell. Important cash crops and exports include palm oil. In 1998 gold production began at Gold Ridge on Guadalcanal. Exploitation of Solomon Islands rich fisheries offers the best prospect for further export and domestic economic expansion.
A Japanese joint venture, Solomon Taiyo Ltd. which operated the only fish cannery in the country, closed in mid-2000 as a result of the ethnic disturbances. Though the plant has reopened under local management, the export of tuna has not resumed. Tourism diving, is an important service industry for Solomon Islands. Growth in tourism is hampered by lack of infrastructure, transportation limitations and security concerns. Tourism here in Solomon Islands is the major income for the economy itself, 2016 and 2017 records of the total money received from tourism is about $1.6 million dollar in revenue received. Since 2000 the Solomon Islands government has become insolvent, it has exhausted its borrowing capacity. It is unable to meet bi-weekly payrolls and has become extraordinarily dependent on funds from foreign aid accounts, which provided an estimated 50% of government expenditure in 2001. Principal aid donors are Australia $247 Million per year, New Zealand $14 Million per year, the European Union, Japan $40 Million per year, the Republic of China At least $20 Million per year.
Solomon Islands is a member of the WTO. Electricity - production: 78 GWh Electricity - consumption: 72.54 GWh Electricity - exports: 0 kWh Electricity - imports: 0 kWh A team of renewable energy developers working for the Pacific Islands Applied Geoscience Commission and funded by the Renewable Energy and Energy Efficiency Partnership, have hatched a scheme that enables these communities to access renewable energy, such as solar, without raising substantial sums of ready cash. If the islanders were not able to pay for solar lanterns with cash, reasoned the project developers, they can pay with crops The following table shows the main economic indicators in 1980–2017. Foreign Government Aid as a % of GDP: 40.125% GDP - per capita: purchasing power parity - $3,200 GDP - composition by sector: agriculture: 37.7% industry: 6.4% services: 55.9% Population below poverty line: NA% Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Inflation rate: 10% Labor force: 202,500 Labor force - by occupation: agriculture 75%, industry 5%, services 20% Unemployment rate: NA% Budget: revenues: $313.1 million expenditures: $261.7 million, including capital expenditures of $0 Industries: fish, timber Industrial production growth rate: NA% Agriculture - products: cocoa, palm kernels, potatoes, fruit.
South Sudanese pound
The South Sudanese pound is the official currency of the Republic of South Sudan. It is subdivided into 100 piasters, it was approved by the Southern Sudan Legislative Assembly before secession on 9 July 2011 from Sudan. It was introduced on 18 July 2011, replaced the Sudanese pound at par; the banknotes feature the image of John Garang de Mabior, the deceased leader of South Sudan's independence movement. Six different denominations in the form of banknotes have been confirmed, five denominations will be issued in the form of coins. Three new banknotes for 5, 10, 25 piasters were issued 19 October 2011; the first circulation coins of the South Sudanese pound denominated in 10, 20, 50 piasters were issued 9 July 2015, on occasion of the fourth anniversary of independence from Sudan. In 2016, the Bank of South Sudan issued a 20 South Sudanese pound banknote to replace the 25 South Sudanese pound banknote. In 2018, the Bank of South Sudan introduced a 500 South Sudanese pounds banknote to ease daily cash transactions following years of inflation.
As part of a currency redesign to reduce confusion, a 1 Pound coin was released to replace the 1 Pound banknote, a coin for 2 Pounds has been released at the same time as the 1 Pound coin. The 10, 20 and 100 pound notes were all redesigned. In November 2016 the Governor of the Bank of South Sudan issued a statement dismissing as false reports claiming that the bank was printing new notes in denominations of 200, 500 and 1,000 pounds. Coins denominated 10, 20, 50 Piasters were put into circulation on 9 July 2015; as of 2016, South Sudan's coins are being struck at the South African Mint. Bimetallic coins denominated 1 Pound and 2 Pounds has been put into circulation during 2016; the Coat of arms of South Sudan with the country name'REPUBLIC OF SOUTH SUDAN' and the date will appear on the obverses. The various coins will include the following: 10 Piasters - Copper-plated Steel - Oil rig. 20 Piasters - Brass-plated Steel - Shoebill stork. 50 Piasters - Nickel-plated Steel - Northern white rhino. 1 Pound - Bronze-plated Steel centre / Nickel-plated Steel ring - Nubian giraffe.
2 Pounds - Nickel-plated Steel centre / Bronze-plated Steel ring - African Shield. Articles about the banknotes of South Sudan. Banknotes of South Sudan