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LOCAL CURRENCY IN SAMOA

Would you like to know name of the currency in Samoa? The local currency in Samoa is called T?l?.

The Samoan T?l? is issued and managed by the Central Bank of Samoa. To find out the current currency exchange rates for T?l? to other major currencies of the world, click on foreign currency rates.

Samoan Currency Information
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The currency used in Samoa is called as the T?l?. This currency is denoted with the currency sign WS$ (sometimes SAT, ST or T) and the ISO 4217 Code for the Samoan T?l? is WST. The T?l?, is the official currency of the Samoa . It is divided into 100 smaller units called sene.

The constitution of Samoa provides that the Samoa government shall have the power to print the Samoan T?l? and sene coins to be used as a legal tender in Samoa. The Samoan T?l? bank notes and Sene coins are both designated as "legal tender" in payment of debts.

The Samoan T?l? bill uses the decimal system, consisting of 100 equal units.

The symbol WS$ (sometimes SAT, ST or T), usually written before the numerical amount, is used for the Samoan T?l?.

Currently printed bank notes denominations are 2, 5, 10, 20, 50, 100 t?l? and the coins are minted in the denominations of 10, 20, 50 sene, 1 and 2 t?l? [1] .

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The Effect of Balance of Trade and Investment on the Value of Samoan T?l?
Financial analysts regularly cite the balance of trade and investment in Samoa as the most important influence on the value of the T?l?. The difference between what the Samoa exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from T?l? exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into T?l? exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Samoan T?l?.
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