Falkland Islands pound

Falkland Islands pound
ISO 4217 code	FKP
Government	Government of the Falkland Islands
Website	www.falklands.gov.fk
User(s)	Falkland Islands (UK) alongside Pound sterling
Inflation	3.6%
Source	The World Factbook, 1998
Pegged with	pound sterling at par
Subunit
1/100	penny
Symbol	£
penny	p
Plural
penny	pence
Coins	1p, 2p, 5p, 10p, 20p, 50p, £1, £2
Banknotes	£5, £10, £20, £50

The pound is the currency of the Falkland Islands, a British Overseas Territory in the South Atlantic Ocean. The symbol is the pound sign, £, or alternatively FK£, to distinguish it from other pound-denominated currencies. The ISO 4217 currency code is FKP.

The Falklands pound has always been pegged to the pound 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, the British currency circulated, with the pound subdivided into 20 shillings, each of 12 pence. Specific issues of banknotes have been made for the Falkland Islands since 1899. In 1971, the pound was decimalised and subdivided into 100 pence. Coins have been minted specifically for the Falklands since 1974. During the earlier Argentine occupation, the peso circulated.

For a more general history of currency in the South Atlantic region, see The Sterling Currency in the South Atlantic and the Antarctic.

Coins

In 1974, ½, 1, 2, 5 and 10 pence coins were introduced. 50 pence coins were introduced in 1980, followed by 20 pence in 1982, 1 pound in 1987 and a circulating 2 pounds in 2004. The ½ penny coin was last issued in 1983 and was demonetised shortly after. Smaller versions of the 5p, 10p and 50p, corresponding to the current UK issues, were issued in 1998, replacing the larger versions (which for the 5p was eight years after its introduction in the UK). The introduction of the circulation £2 coin in 2004 was six years after the same coin was issued in the UK. All the coins have the same composition and size as the corresponding British coins.

Depiction of Falkland coinage | Reverse side
£ 0.01	£ 0.02	£ 0.05

Gentoo penguin^[1]	Upland goose^[1]	Black-browed albatross^[1]
£ 0.10	£ 0.20	£ 0.50

South American sea lion	Sheep^[1]	Warrah^[1]
£ 1.00	£ 2.00	£ 2.00 edge

Falkland Islands coat of arms^[1]	Map of the Falkland Islands

Banknotes

Between 1899 and 1901, the government introduced notes for 5 and 10 shillings, 1 and 5 pounds. The 5 shilling notes were issued until 1916. Following decimalisation in 1971, the 10-shilling note of the preceding issue became the new 50-pence note, though it retained its old design.^[2] 10 pound notes were introduced in 1975, followed by 20 pounds in 1984 and 50 pounds in 1990. Banknotes in circulation are:

5 pounds (red)
10 pounds (green)
20 pounds (brown)
50 pounds (blue, green and red combination)

Falklands' banknotes feature the same images, differing only in their respective denominations and corresponding colours. On the front side, all notes contain a portrait of Queen Elizabeth II, the Falklands' coat of arms, a small map of the islands, and images of two of the islands' main animals: penguins and sea lions. On the back, notes feature pictures of Christ Church Cathedral in Stanley and Government House, the official residence of the Governor of the Falkland Islands.

Banknotes are printed by De la Rue plc on behalf of the Falkland Island Commissioners of Currency. In 2010 an order was placed for the printing of 200,000 £10 banknotes and for 200,000 £20 banknotes which would represent a supply of banknotes that would last for 15 to 20 years.^[3]

Current FKP exchange rates
From Google Finance:	AUD CAD CHF EUR GBP HKD JPY USD ARS
From Yahoo! Finance:	AUD CAD CHF EUR GBP HKD JPY USD ARS
From XE:	AUD CAD CHF EUR GBP HKD JPY USD ARS
From OANDA:	AUD CAD CHF EUR GBP HKD JPY USD ARS
From fxtop.com:	AUD CAD CHF EUR GBP HKD JPY USD ARS
From Currency.Wiki:	AUD CAD CHF EUR GBP HKD JPY USD ARS

References

1 2 3 4 5 6 "Guernsey Coin List". falklandwool.com. Retrieved 2010-06-23.
↑ Linzmayer, Owen (2012). "Falkland Islands". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
↑ "£10 and £20 Currency Notes" (PDF). Executive Council of the Falkland Islands. 19 August 2010. Archived from the original (PDF) on March 8, 2012. Retrieved 2010-09-03.

Krause, Chester L., and Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.

Banknotes of the pound sterling

England and Wales	Bank of England

Scotland	Bank of Scotland The Royal Bank of Scotland Clydesdale Bank

Northern Ireland	Bank of Ireland Danske Bank First Trust Bank Ulster Bank

British Crown Dependencies	Guernsey pound Jersey pound Manx pound

British Overseas Territories (at parity with Sterling)	Gibraltar pound Falkland Islands pound Saint Helena pound

See also	Pound sterling Coins of the pound sterling Economy of the United Kingdom Sterling area

Currencies of the Americas

North	Canadian dollar Canada Saint Pierre and Miquelon Danish krone Greenland Euro Saint Pierre and Miquelon Mexican peso U.S. dollar

Caribbean	Aruban florin Bahamian dollar Barbadian dollar Bermudian dollar Cayman Islands dollar Cuban peso Cuban convertible peso Dominican peso East Caribbean dollar Anguilla Antigua and Barbuda Dominica Grenada Montserrat Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Euro Saint Martin Saint Barthélemy Guadeloupe Martinique Haitian gourde Jamaican dollar Netherlands Antillean guilder Curaçao Sint Maarten Trinidad and Tobago dollar U.S. dollar Puerto Rico U.S. Virgin Islands British Virgin Islands Caribbean Netherlands Turks and Caicos Islands

Central	Belize dollar Costa Rican colón Guatemalan quetzal Honduran lempira Nicaraguan córdoba Panamanian balboa U.S. dollar El Salvador Panama

South	Argentine peso Bolivian boliviano Brazilian real British pound sterling British Antarctic Territory South Georgia and the South Sandwich Islands Chilean peso Colombian peso Ecuadorian centavo coins Ecuador Euro French Guiana Falkland Islands pound Guyanese dollar Paraguayan guaraní Peruvian nuevo sol Surinamese dollar Uruguayan peso U.S. dollar Ecuador Venezuelan bolívar

Falkland Islands articles

History

Geography

Islands	Arch Barren Beaver Beauchene Bird Bleaker Burdwood Bank Carcass Dunbar Dyke East Falkland Lafonia Elephant Cays Eddystone Rock Fox George Golding Great Hummock Island Jason Keppel Kidney Lively Long New Passage Patagonian Shelf Pebble Ruggles Saunders Sea Lion Speedwell Staats Swan Tea Tyson Weddell West Falkland West Point

Locations	Airport Ajax Bay Bay of Harbours Bertha's Beach Brenton Loch Bull Point Camp Cape Bougainville Cape Pembroke Darwin Eagle Passage Falkland Sound Fox Bay Goose Green Grantham Sound Green Patch Hill Cove Hope Harbour Johnson's Harbour Lafonia Mount Maria Mount Usborne New Haven No Man's Land North Arm Pebble Island Settlement Pleasant Peak Port Albemarle Port Howard Port Louis Port Patterson Port San Carlos Port Stephens Salvador San Carlos Seal Bay Stanley Stanley Harbour Volunteer Point

Politics

Chief Executive Constitution Falkland Islands Development Corporation (FIDC) Falkland Islands pound (currency) Government House Governor list Legislative Assembly Sovereignty dispute timeline

Military	British Forces South Atlantic Islands Falkland Islands Defence Force Mare Harbour RAF Mount Pleasant

Society

Education Falkland Islanders origins Falklands Conservation Languages Falkland Islands English Telecommunications Internet domain Transport

Culture	Anglican parish Coat of arms Flag Motto Roman Catholicism Scouting and Guiding

Sport	Commonwealth Games Cricket team Football team Rifle Association Rugby union

Category
WikiProject

Currencies named pound or similar

Current	Pound sterling: (Alderney pound • Falkland Islands pound • Gibraltar pound • Guernsey pound • Jersey pound • Manx pound • Saint Helena pound) Egyptian pound Lebanese pound South Sudanese pound Sudanese pound Syrian pound Turkish lira

Local alternative currency	Bristol Pound Brixton Pound Lewes Pound Stroud Pound Totnes Pound

Defunct	Anglo-Saxon pound Australian pound Bahamian pound Bermudian pound Biafran pound British West African pound Canadian pound Connecticut pound Cypriot pound Delaware pound Fijian pound French livre French colonial livre Gambian pound Georgia pound Ghanaian pound Haitian livre Irish pound Israeli pound Italian lira Jamaican pound Japanese government-issued Oceanian Pound Libyan pound Livre tournois Lombardo-Venetian pound Luccan pound Malawian pound Maltese pound Maltese lira Maryland pound Massachusetts pound New Brunswick pound New France livre New Guinean pound New Hampshire pound New Jersey pound New York pound New Zealand pound Newfoundland pound Nigerian pound North Carolina pound Nova Scotian pound Oceanian pound Ottoman lira Palestine pound Papal lira Paris livre Parman lira Pennsylvania pound Pound Scots Prince Edward Island pound Rhode Island pound Rhodesian pound Rhodesia and Nyasaland pound Sammarinese lira Sardinian lira Solomon Islands pound South Carolina pound Southern Rhodesian pound South African pound South African Republic pound South West African pound Tongan pound Tuscan pound Vatican lira Virginia pound West Indian pound Western Samoan pound Zambian pound

See also	Dinar Pound sign Troy pound

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Falkland Islands pound

History

Coins

Banknotes

See also

References