The British crown dependency of Alderney has its own currency, which by law must be a pegged to the pound sterling at a rate of 1:1.
Schedule Two of the Government of Alderney Law provides that the states may, by law, issue "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".[1]
Alderney currently does not issue its own banknotes, but a £1 note was issued in 1810.
Alderney coins are available to collectors, but are not in general circulation. Since 1989, Alderney has issued commemorative coins at values of 50 p, £1, £2, and £5, £10, £25, £50, £100, and even £1000, composed of either cupronickel, silver, or gold.[2]
In normal use on Alderney, the Guernsey pound and the pound sterling circulate side by side throughout the year, while during the Summer tourist season, the Jersey pound is also commonly used, as well as Scottish, and Manx coins, and occasionally pounds from Northern Ireland.
References[]
- ↑ Baudouin, Lamine (September 2006). "ANNEX 5: Third countries using the currency of a non-participating Member State – The Channel Islands and the Isle of Man (footnote)" (in En). Monetary and exchange-rate agreements between the European Community and Third Countries (European Commission Directorate-General for Economic and Financial Affairs): 70. ISSN 1725-3187 ISSN 1725-3187 ISSN ISSN 1725-3187. http://ec.europa.eu/economy_finance/publications/publication658_en.pdf. Retrieved 2008-11-06.
- ↑ "States of Alderney Alderney Coins". Alderney Government. http://www.alderney.gov.gg/index.php/pid/124. Retrieved 2008-11-06.
This article is a | Alderney pound | |
|---|---|
| Coins | 50 p • £1 • £2 • £5 • £10 • £25 • £50 • £100 • £1000 |
| Banknotes | £1 |
| Miscellaneous | Alderney Bank • Fixed exchange rate • Pound sterling |
Template:Pound sterling