Define Samoan Tala:

"The Samoan Tala (currency code: WST) is the official currency of Independent State of Samoa, often referred to as Samoa (formerly Western Samoa)."

Explain Samoan Tala:

Introduction

The Samoan Tala (currency code: WST) is the official currency of Independent State of Samoa, often referred to as Samoa (formerly Western Samoa). It is used in the country's everyday transactions and serves as the unit of currency for various economic activities. The currency is sometimes simply referred to as the "Samoan Tala."

Key Points about the Samoan Tala:

1. Currency Symbol: The currency symbol for the Samoan Tala is "T$" to distinguish it from other dollar-denominated currencies.

2. Subunits: The Tala is divided into 100 subunits called "sene." The plural of Tala is "Tala," and the plural of sene is "sene."

3. Coins and Banknotes: Coins are issued in various denominations, including 1 sene, 2 sene, 5 sene, 10 sene, 20 sene, and 50 sene. Banknotes are available in denominations of 2 Tala, 5 Tala, 10 Tala, 20 Tala, and 50 Tala.

4. Exchange Rate: The exchange rate of the Samoan Tala can fluctuate against major international currencies, including the US dollar. As of my last knowledge update in September 2021, 1 Samoan Tala was roughly equivalent to around 0.38 US dollars.

5. Currency Issuer: The Central Bank of Samoa (Sālafai Sēniti o Samoa) is responsible for issuing and regulating the Samoan Tala. The bank plays a key role in maintaining the stability of the currency and the country's monetary system.

6. Cultural and Economic Significance: The currency is an important symbol of the economic and cultural identity of Samoa. The designs on coins and banknotes often feature local flora, fauna, and cultural motifs.

Conclusion:

Samoa gained independence from New Zealand in 1962 and adopted the Samoan Tala as its official currency. Prior to independence, the New Zealand pound and New Zealand dollar were commonly used in Samoa.