The island of Alderney has its own currency, which by law must be pegged to that of the United Kingdom (see pound sterling).
 | |
| ISO 4217 | |
|---|---|
| Code | none (GBP informally) |
| Unit | |
| Symbol | £ |
| Denominations | |
| Subunit | |
| 1⁄100 | Penny |
| Demographics | |
| User(s) |  Alderney |
| Valuation | |
| Pegged with | Pound sterling |
Schedule 2 of the Government of Alderney Law provides that the States of Alderney may, by Ordinance, prescribe "the legal currency and denominations of the legal currency, so however that that currency, and those denominations shall be the same in Alderney as in the United Kingdom; and prescribing those notes and coins the tender of which is a legal tender of the payment of money".[1]
In normal use in Alderney, Guernsey and Bank of England banknotes and coins circulate side by side year round, while in the summer tourist season, Jersey notes and coins are also common, as well as Scottish and occasionally even Manx or Northern Irish notes.
Coins
editAlderney coins are widely available to collectors but not in general circulation. Since 1989, Alderney has issued commemorative coins of £1, £2 or £5 face value in cupro-nickel, silver or gold, with a variety of designs produced.[2]
Banknote
editA very rare 1 pound banknote was issued in 1810 by the Alderney Commercial Bank.[3] It is catalogued in the Standard Catalog of World Paper Money as PS181. 1 pound. 26 December 1810. Black. Alderney coat of arms at left.[4]
Exchange rates
editThe Alderney pound shares the ISO code "GBP" with sterling.
| Current GBP exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF CNY EUR HKD JPY USD USD |
| From Yahoo! Finance: | AUD CAD CHF CNY EUR HKD JPY USD USD |
| From XE.com: | AUD CAD CHF CNY EUR HKD JPY USD USD |
| From OANDA: | AUD CAD CHF CNY EUR HKD JPY USD USD |
Literature
edit- Cuhaj, George S. (editor) (2006). Standard Catalog of World Paper Money: Specialized Issues (10th ed.). Krause Publications. ISBN 0-89689-161-5.
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See also
edit
References
edit- ^ Baudouin, Lamine (September 2006). "ANNEX 5: Third countries using the currency of a non-participating Member State – The Channel Islands and the Isle of Man (footnote)" (PDF). Monetary and Exchange-rate Agreements Between the European Community and Third Countries. European Commission Directorate-General for Economic and Financial Affairs: 70. ISSN 1725-3187. Retrieved 6 November 2008.
- ^ "States of Alderney Alderney Coins". Alderney Government. Archived from the original on 29 March 2009. Retrieved 6 November 2008.
- ^ "Guernsey banknotes Guernsey paper money catalog and Guernsey currency history". ATS Notes. Retrieved 15 March 2013.
- ^ See 1810 £1 note
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