The St Helena Government (SHG) is pleased to announce the release of a new series of St Helena Pound (£) banknotes. This series includes £5, £10, and £20 denominations, featuring the portrait of His Majesty King Charles III. The new banknotes are being introduced into circulation shortly. The design also includes images of Jonathan the tortoise and the St Helena ebony tree. All three denominations retain their traditional colors. The issuance of these new banknotes is the result of work initiated earlier and represents an important step in modernizing the island's physical currency while preserving its unique national identity. The St Helena Pound (SHP) remains pegged to the British Pound Sterling (GBP) at a 1:1 parity, but having its own currency provides the island with significant benefits.

Significance of the St Helena Pound (SHP)

Despite the peg to GBP, the island's own currency serves key functions:

  • Symbol of Identity: The SHP is a powerful symbol of St Helena’s unique identity, heritage, and autonomous status as a British Overseas Territory.

  • Focus on the Local Economy: The currency allows for designs and imagery that reflect the island's unique history, culture, and endemic fauna, fostering national pride.

  • Currency Management: This enables the SHG to independently manage banknote issuance and local cash circulation, ensuring a sufficient and secure supply of currency tailored to the community's needs.

Modern Security Features

The new banknotes are made of polymer, making them more durable and resistant to counterfeiting. They integrate state-of-the-art security technologies:

  • Transparent Window: A transparent window integrated into the design is visible from both sides when held up to the light.

  • Shimmer Effect: A metallic shimmer appears around the window when the banknote is tilted.

  • Raised Print (Portrait): Thickened raised ink can be felt when touching the King’s portrait.

  • Raised Print (Signatures): Signatures of officials also feature a raised texture.

  • Tactile Dots: Raised dots are placed in the corner for the visually impaired: a square for £5, a triangle for £10, and a circle for £20.

  • Denomination Microtext: Small, clear denomination text is visible under a magnifying glass.

  • Negative Raised Print: When viewed through light, the microtext "ST HELENA GOVERNMENT" appears clear and raised.

  • UV Fluorescence: Under ultraviolet light, thin wave lines and the denomination appear in two fluorescent colors, along with a bright solid block of the denomination.

Transition Period and Circulation

Existing St Helena Pound banknotes will remain legal tender and continue to circulate alongside the new ones. The SHG will manage the transition process, gradually withdrawing old and damaged banknotes from circulation through the Bank of St Helena.

Vitalii Cherniuk (IBNS 13299) - CEO World Banknote Store