Solomon Islands dollar

The currency is the Solomon Islands dollar.

The Solomon Islands dollar was introduced in 1977, replacing the Australian dollar at par, following independence.

The Solomon Islands dollar is an offshoot of the Australian dollar, which is in turn essentially a half pound sterling.

Prior to the Solomon Islands Dollar, Solomon Islands used the Australian pound sterling.

Solomon Islands - Currency; Solomon Islands dollar (SBD).

Economic stagnation ensued, so over the next 28 years, and especially during the civil war of 2000-2003, inflationary pressure reduced the Solomon Islands dollar to be worth 15 Australian cents.

The Solomon Islands dollar did descend directly from the Spanish pieces of eight, as is the case with the US, the Canadian, and East Caribbean dollars; several other currencies called "dollars" are also not direct descendants, e.g., the Australian and Jamaican currencies.

Examples include the Australian dollar, the New Zealand dollar, the Jamaican dollar, the Cayman Islands dollar, the Fiji dollar, the Namibian dollar, the Rhodesian dollar, the Zimbabwe dollar, and the Solomon Islands dollar.