Alderney pound

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Alderney pound
Alderney 1989 two pounds.jpg
ISO 4217
Codenone
(GBP informally)
Unit
Symbol£
Denominations
Subunit
1100Penny
Demographics
User(s) Alderney
Valuation
Pegged withPound sterling

The island of Alderney has its own currency, which by law must be pegged to that of the United Kingdom (see 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[edit]

Alderney coins are widely available to collectors but not in general circulation. Since 1989, Alderney has issued occasional commemorative coins of £1, £2 or £5 face value in cupro-nickel, silver or gold.[2]

Banknote[edit]

A 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[edit]

The Alderney pound shares the ISO code "GBP" with sterling.

Current GBP exchange rates
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Literature[edit]

  • Cuhaj, George S. (editor) (2006). Standard Catalog of World Paper Money: Specialized Issues (10th ed.). Krause Publications. ISBN 0-89689-161-5. {{cite book}}: |author1= has generic name (help)

See also[edit]

References[edit]

  1. ^ 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.
  2. ^ "States of Alderney Alderney Coins". Alderney Government. Archived from the original on 29 March 2009. Retrieved 6 November 2008.
  3. ^ "Guernsey banknotes Guernsey paper money catalog and Guernsey currency history". ATS Notes. Retrieved 15 March 2013.
  4. ^ See 1810 £1 note