Related Currency Pairings
African Currencies | Asian Currencies |
NGN to ZAR NGN to SDG NGN to SZL NGN to TND | NGN to PKR NGN to QAR NGN to RUB NGN to SAR |
European Currencies | North America Currencies |
NGN to GBP NGN to GEL NGN to GHS NGN to HRK | NGN to MXN NGN to NIO NGN to PAB NGN to XCD |
7 Facts About Samoan Tala
Samoan Currency Facts |
---|
Historical Link to New Zealand Dollar: The Samoan Tala was initially pegged to the New Zealand Dollar upon its introduction in 1967. This historical connection influenced its early economic stability. |
Independent Currency: Despite its initial link, the Samoan Tala is now a fully independent currency, managed by the Central Bank of Samoa. This provides greater control over monetary policy. |
Subdivision: Similar to many other currencies, the Tala is divided into 100 Sene. This decimal system is common globally. |
Currency Symbol: While often represented by the dollar sign (),theSamoanTalahasaspecificsymbol,WS, to differentiate it from other dollar-based currencies. |
Economic Significance: The Samoan Tala is crucial to the Samoan economy, serving as the medium of exchange for domestic and international transactions. |
Exchange Rate Fluctuations: Unlike some currencies pegged to major world currencies, the Samoan Tala’s exchange rate can fluctuate, impacting Samoa’s trade and economy. |
Coinage and Banknotes: The Samoan Tala is represented by both coins and banknotes, with denominations varying in value. These physical forms of currency facilitate everyday transactions. |