SBD 2 | Bank Note | Two Dollar | Kae Kae | CurrencyStackerKK | Solomon Islands | Oceania

SBD 2 | Bank Note | Two Dollar | Kae Kae | CurrencyStackerKK | Solomon Islands | Oceania

2 Solomon Islands Dollar

The Solomon Islands dollar (ISO 4217 code: SBD) is the currency of Solomon Islands since 1977. Its symbol is “$”, with “SI$” used to differentiate it from other currencies also using the dollar sign. It is subdivided into 100 cents.
Prior to the Solomon Islands Dollar, the Solomon Islands used the Australian pound sterling. However, the Solomon Islands had also issued its own banknotes, sometimes called the Solomon Islands pound.

When the Solomon Islands fell under the control of Imperial Japan during the Second World War, the Oceanian pound, a so-called “Japanese Invasion Currency”, became the official currency until after the war ended and the Pound was restored.

The Solomon Islands dollar was introduced in 1977, replacing the Australian dollar at par, following independence. n 2008, due to the low valuation in the currency, many Islanders took to hoarding coins and giving them to children as souvenirs, causing a coin shortage.

Some more traditional monetary forms, such as dolphin teeth, have in a few areas taken the place of coins. A public awareness campaign was launched to encourage people to cash in excess coins at the bank to help alleviate the shortfall.

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