Falkland Islands pound

Falkland Islands pound
ISO 4217
CodeFKP (numeric: 238)
Subunit0.01
Unit
Plural 
Symbol£
Denominations
Subunit
1100penny
Plural
pennypence
Symbol
pennyp
Banknotes£5, £10, £20, £50
Coins1p, 2p, 5p, 10p, 20p, 50p, £1, £2
Demographics
User(s) Falkland Islands (UK)
alongside sterling
 South Georgia and the South Sandwich Islands (UK)
alongside sterling
Issuance
GovernmentGovernment of the Falkland Islands
 Websitewww.falklands.gov.fk
Valuation
Inflation3.6%
 SourceThe World Factbook, 1998
Pegged withpound sterling at par

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 pegged to sterling at par and banknotes of both currencies are used interchangeably on the islands, but the Falkland Island pound is not widely accepted in Britain itself.