Time Period: 1899-1920 - German Colonial Administration
Timeline
- 15.06.1901
- Ordinance on the introduction of the German Reichsmark; effective 01.08.1887:
- Foreign gold coins remained current at: 1 British Pound = 20.42 German Reichsmark, 20 US Dollars = 83.80 German Reichsmark
- Foreign silver coins remained tolerated for two years at: 1 British Shilling = 1 German Reichsmark, 1 US Dollar = 4 German Reichsmark.
- 05.07.1911
- Proclamation of the German colonial monetary order of 01.02.1905; effective 01.08.1911
- British and US-American gold coins remained current at a rate of 1 British Pound = 20.42 German Reichsmark and 20 US Dollars = 83.80 German Reichsmark.
Time Period: 1922-1967
Currency: Samoan Pound
- Transition
- 1 : 1 British Pound
- Sub-units
- Pound / 20 Shillings / 12 Pence
- ISO4217
- none (informal: WSP)
Timeline
- 07.12.1921
- New Zealand law [Samoa Act, No. 16] on the establishment of the Western Samoa mandate territory; §27-33 establish the Samoan Treasury; effective 01.04.1922.
- 10.04.1922: Ordinance [Samoa Treasury Amendment Order], amending (?) the act; effective immediately (?)
- 13.06.1925
- Start of issuance of treasury notes (unissued specimens exist with date of 03.03.1922) denominated as "Pound Sterling", which were circulating beside British notes and coins.
- 06.08.1948: Start of issuance of treasury notes denominated as "Pound" ("Sterling" dropped).
- ??.02.1959
- Law [Bank of Western Samoa Ordinance, No. 1] on the establishment of the Bank of Western Samoa as government-owned bank with issuance privilege for paper money; effective upon constitution of the bank on 01.04.1959
Valuation Regimes
- 1922-1948
- Fixed rate against British Pound (it is not clear if Samoa devaluated together with New Zealand in 1933)
- 1948-1967
- Fixed rate against New Zealand Pound
Rate Arrangements
- 01.04.1922
- Fixed
- British Pound at 1 : 1
- -
- 19.08.1948
- Fixed
- New Zealand Pound at 1 : 1
- ±0.0%
Time Period: 1967-
Currency: Samoan Tala
- Transition
- 2 : 1
- Sub-units
- Tala / 100 Cents
- ISO4217
- WST
Timeline
- ??.??.1966
- Law [Decimal Currency Act, No. 3] on the introduction of a decimal currency; effective 10.07.1967
- 10.07.1967
- Start of currency exchange:
- 10.07.1967: Start of issuance of the new currency
- 31.05.1968: Demonetization of the former currency in New Zealand, probably including Samoa (subsidiary coins remained tolerated).
- 30.12.1974
- Law [Monetary Board of (Western) Samoa Act, No. 17] on the establishment of the Monetary Board as financial supervisory institution; effective upon constitution of the board on 19.04.1975
- 16.06.1980
- Start of issuance of paper money by the Monetary Board, the Bank of Western Samoa remained acting agent for the handling of the notes.
- 30.06.1981: Demonetization of the Bank of Western Samoa notes.
- 25.02.1984
- Law [Central Bank Act, No. 20] on the establishment of the Central Bank of Samoa; effective upon constitution of the bank on 01.05.1984.
- 01.12.1984: Central Bank took over the handling of the paper money from the Bank of Western Samoa.
Valuation Regimes
- 1967
- Fixed rate against New Zealand Dollar
- 1967-1975
- Fixed rate against US Dollar
- 1975-
- Variable rate (1975-1985: peg to an identical currency basket as New Zealand but with varying parity, therefore in fact fixed against New Zealand Dollar)
Rate Arrangements
- 10.07.1967
- Fixed
- New Zealand Dollar at 1 : 1
- ±0.0%
- 21.11.1967
- Fixed
- US Dollar at 1 : 0.719 & New Zealand Dollar at 1 : 0.806
- ±0.0%
- 24.12.1971
- Fixed
- New Zealand Dollar at 1 : 0.806
- ±0.0%
- 09.07.1973
- Fixed
- US Dollar at 1 : 0.596
- +11.1%
- 27.10.1975
- Variable
- initially: New Zealand Dollar at 1 : 0.80
- -21.3%
End-year Forex Rates (Units per US Dollar)
- Year
- Code
- Ratio
- Rate
- Delta
- Comment
- 1946
- WSP
- 0.5
- 0.31
- ±0.0%
- fixed against NZP
- 1947
- WSP
- 0.5
- 0.31
- ±0.0%
- fixed against NZP
- 1948
- WSP
- 0.5
- 0.25
- +25.0%
- fixed against NZP
- 1949
- WSP
- 0.5
- 0.36
- -30.5%
- fixed against NZP
- 1950
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1951
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1952
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1953
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1954
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1955
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1956
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1957
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1958
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1959
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1960
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1961
- WSP
- 0.5
- 0.36
- -0.7%
- fixed against NZP
- 1962
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1963
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1964
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1965
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1966
- WSP
- 0.5
- 0.36
- ±0.0%
- fixed against NZP
- 1967
- WST
- 1
- 0.72
- ±0.0%
- fixed against NZD
- 1968
- WST
- 1
- 0.72
- ±0.0%
- fixed against NZD
- 1969
- WST
- 1
- 0.72
- ±0.0%
- fixed against NZD
- 1970
- WST
- 1
- 0.72
- ±0.0%
- fixed against NZD
- 1971
- WST
- 1
- 0.66
- +8.6%
- fixed against NZD
- 1972
- WST
- 1
- 0.66
- ±0.0%
- fixed against NZD
- 1973
- WST
- 1
- 0.60
- +11.1%
- fixed against USD
- 1974
- WST
- 1
- 0.60
- ±0.0%
- fixed against USD
- 1975
- WST
- 1
- 0.77
- -22.2%
- 1976
- WST
- 1
- 0.80
- -4.2%
- 1977
- WST
- 1
- 0.75
- +6.8%
- 1978
- WST
- 1
- 0.72
- +4.6%
- 1979
- WST
- 1
- 0.89
- -19.3%
- 1980
- WST
- 1
- 0.91
- -2.4%
- 1981
- WST
- 1
- 1.10
- -17.3%
- 1982
- WST
- 1
- 1.24
- -11.1%
- 1983
- WST
- 1
- 1.62
- -23.6%
- 1984
- WST
- 1
- 2.18
- -25.7%
- 1985
- WST
- 1
- 2.31
- -5.5%
- 1986
- WST
- 1
- 2.20
- +4.9%
- 1987
- WST
- 1
- 2.01
- +9.3%
- 1988
- WST
- 1
- 2.15
- -6.4%
- 1989
- WST
- 1
- 2.29
- -6.2%
- 1990
- WST
- 1
- 2.28
- +0.6%
- 1991
- WST
- 1
- 2.42
- -6.0%
- 1992
- WST
- 1
- 2.53
- -4.2%
- 1993
- WST
- 1
- 2.61
- -3.3%
- 1994
- WST
- 1
- 2.50
- +4.6%
- 1995
- WST
- 1
- 2.52
- -1.0%
- 1996
- WST
- 1
- 2.43
- +3.9%
- 1997
- WST
- 1
- 2.78
- -12.7%
- 1998
- WST
- 1
- 2.97
- -6.2%
- 1999
- WST
- 1
- 3.02
- -1.8%
- 2000
- WST
- 1
- 3.30
- -8.5%
- 2001
- WST
- 1
- 3.63
- -9.1%
- 2002
- WST
- 1
- 3.26
- +11.3%
- 2003
- WST
- 1
- 2.85
- +14.4%
- 2004
- WST
- 1
- 2.70
- +5.4%
- 2005
- WST
- 1
- 2.77
- -2.2%
- 2006
- WST
- 1
- 2.70
- +2.3%
- 2007
- WST
- 1
- 2.55
- +6.0%
- 2008
- WST
- 1
- 2.90
- -12.2%
- 2009
- WST
- 1
- 2.49
- +16.5%
- 2010
- WST
- 1
- 2.34
- +6.7%
- 2011
- WST
- 1
- 2.36
- -0.8%
- 2012
- WST
- 1
- 2.28
- +3.2%
- 2013
- WST
- 1
- 2.34
- -2.7%
- 2014
- WST
- 1
- 2.42
- -3.3%
- 2015
- WST
- 1
- 2.60
- -6.7%
- 2016
- WST
- 1
- 2.58
- +0.6%
- 2017
- WST
- 1
- 2.52
- +2.4%
- 2018
- WST
- 1
- 2.62
- -3.8%
- 2019
- WST
- 1
- 2.63
- -0.4%
- 2020
- WST
- 1
- 2.53
- +4.2%
- 2021
- WST
- 1
- 2.60
- -2.9%
- 2022
- WST
- 1
- 2.70
- -3.6%
- 2023
- WST
- 1
- 2.70
- +0.1%