Convert Saint Helena Pound to Turkish Lira
Please provide values below to convert Saint Helena Pound [SHP] to Turkish Lira [TRY], or Convert Turkish Lira to Saint Helena Pound.
How to Convert Saint Helena Pound to Turkish Lira
1 SHP = 0.018305815675792 TRY
Example: convert 15 SHP to TRY:
15 SHP = 15 × 0.018305815675792 TRY = 0.274587235136879 TRY
Saint Helena Pound to Turkish Lira Conversion Table
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.