The St Helena Pound (SHP) is the local currency. However, the Great British Pound (GBP), which has parity with SHP, is also widely accepted on-Island. A St Helena Pound (£1) is equivalent to the British Pound Stirling (£1). Coins used on-Island is: 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2. Notes used are: £5, £10 and £20. Sterling is accepted in shops and restaurants on the island but change will often be given in Saint Helena Pounds.