Falkland Islands Pound
The pound is the currency of the Falkland Islands, a British Overseas Territory in the South Atlantic Ocean. The symbol is the pound sign, £. The ISO 4217 currency code is ''FKP''. The Falkland Islands pound has always been Fixed exchange rate, pegged to pound sterling, sterling at par and banknotes of both currencies are used interchangeably on the islands (although only notes issued by banks in the United Kingdom are generally accepted in Britain itself). History The pound was introduced following the reassertion of sovereignty in the Falklands Islands by the British in 1833. Initially, Pound sterling, sterling coin circulated, in units of a ''Pound (currency), pound'' subdivided into 20 ''shillings'', each of 12 ''pence''. Specific issues of banknotes have been made for the Falkland Islands since 1899, authorised by the Falkland Islands Currency Notes Order 1899. In 1971, the pound was decimalised and subdivided into 100 pence. Coins of the Falkland Islands pound, Coins have ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
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