Guernsey pound

Guernsey pound
Livre de Guernesey
GGP
ISO 4217
Codenone
(GBP unofficially)
Unit
Plural 
Symbol£
Denominations
Subunit
1100penny
Plural
pennypence
Symbol
pennyp
Banknotes£1, £5, £10, £20, £50
Coins1p, 2p, 5p, 10p, 20p, 50p, £2
Demographics
User(s) Guernsey
Issuance
TreasuryTreasury and Resources Department, States of Guernsey
 Websitewww.gov.gg
Valuation
Inflation1.9%
 SourceStates of Guernsey, March 2018
Pegged withvariant of pound sterling

The pound is the currency of Guernsey. Since 1921, Guernsey has been in currency union with the United Kingdom and the Guernsey pound is not a separate currency but is a local issue of sterling banknotes and coins, in a similar way to the banknotes issued in Scotland, England and Northern Ireland (see Banknotes of the pound sterling). It can be exchanged at par with other sterling coinage and notes (see also sterling area).

For this reason, ISO 4217 does not include a separate currency code for the Guernsey pound; when distinction from sterling is desired the abbreviation GGP may be used.[1]

  1. ^ "Countries' currencies and codes". Lloyds TSB. Archived from the original on 31 October 2006. Retrieved 12 September 2006.