The island of

Alderney Alderney ( ; ; ) is the northernmost of the inhabited Channel Islands. It is part of the Bailiwick of Guernsey, a British Crown Dependencies, Crown dependency. It is long and wide. The island's area is , making it the third-largest isla ...

has its own

currency A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific envi ...

, which by law must be pegged to that of the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

(see

pound sterling Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency general ...

). Schedule 2 of the Government of Alderney Law provides that the

States of Alderney The States of Alderney (French: ''États d'Aurigny'') is the parliament/council and the legislature of Alderney, part of the Bailiwick of Guernsey. The origin of the States is unknown, but it has operated from the medieval period. The States of ...

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". In normal use in Alderney,

Guernsey Guernsey ( ; Guernésiais: ''Guernési''; ) is the second-largest island in the Channel Islands, located west of the Cotentin Peninsula, Normandy. It is the largest island in the Bailiwick of Guernsey, which includes five other inhabited isl ...

and

Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one ...

banknotes and coins circulate side by side year round, while in the summer tourist season,

Jersey Jersey ( ; ), officially the Bailiwick of Jersey, is an autonomous and self-governing island territory of the British Islands. Although as a British Crown Dependency it is not a sovereign state, it has its own distinguishing civil and gov ...

notes and coins are also common, as well as

Scottish Scottish usually refers to something of, from, or related to Scotland, including: *Scottish Gaelic, a Celtic Goidelic language of the Indo-European language family native to Scotland *Scottish English *Scottish national identity, the Scottish ide ...

and occasionally even Manx or

Northern Irish The people of Northern Ireland are all people born in Northern Ireland and having, at the time of their birth, at least one parent who is a British Nationality Law, British citizen, an Irish nationality law, Irish citizen or is otherwis ...

notes.

Coins

Alderney coins are widely available to collectors but not in general circulation. Since 1989, Alderney has issued

commemorative coin A commemorative coin is a coin issued to commemorate some particular event or issue with a distinct design with reference to the occasion on which they were issued. Some coins of this category serve as collector's items only, while most commemora ...

s of £1, £2 or £5 face value in

cupro-nickel Cupronickel or copper–nickel (CuNi) is an alloy of copper with nickel, usually along with small quantities of other metals added for strength, such as iron and manganese. The copper content typically varies from 60 to 90 percent. ( Monel is a ...

, silver or gold, with a variety of designs produced.

Banknote

A very rare 1 pound banknote was issued in 1810 by the Alderney Commercial Bank. 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.Se
1810 £1 note
/ref>

Exchange rates

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

Literature

References

Currencies of the British Empire Currencies of the Channel Islands Alderney

Banknotes of Europe Pound (currency) {{Guernsey-stub

Coins

Banknote

Exchange rates

Literature

See also

References