Jersey pound

Jersey pound

Obverse of a £5 banknote Reverse of a £5 banknote
ISO 4217
Code	none (GBP, JEP unofficially)
Unit
Plural
Symbol	£‎
Denominations
Subunit
1⁄100	penny
Plural
penny	pence
Symbol
penny	p
Banknotes
Freq. used	£1, £5, £10, £20, £50
Rarely used	£100
Coins
Freq. used	1p, 2p, 5p, 10p, 20p, 50p, £2
Demographics
User(s)	Jersey (alongside pound sterling)
Issuance
Treasury	Treasury and Resources Department, States of Jersey (website)
Valuation
Inflation	5.3%
Source	The World Factbook, 2004
Pegged with	pound sterling at par

The pound (French: Livre de Jersey, Jèrriais: Louis de Jersey; abbreviation: JEP; sign: £) is the currency of Jersey. Jersey is in currency union with the United Kingdom, and the Jersey pound is not a separate currency^{[citation needed]} but is an issue of banknotes and coins by the States of Jersey denominated in sterling, in a similar way to the banknotes issued in Scotland and Northern Ireland (see Banknotes of the pound sterling). It can be exchanged at par with other sterling coinage and notes (see also sterling zone).

ISO 4217 does not include a separate currency code for the Jersey pound, the abbreviation "JEP" may be used if distinction from sterling is desired.^[1]

Both Jersey and Bank of England notes are legal tender in Jersey and circulate together, alongside the Guernsey pound and Scottish banknotes. The Jersey notes are not legal tender in the United Kingdom^[2] and unlike Scottish and Northern Irish banknotes are not authorised by the British Parliament as legal currency in the United Kingdom.^[3] That said, it will often be accepted by vendors in the UK with varying degrees of difficulty.