Falkland Islands pound 1630929 226038525 2008-07-16T15:35:24Z 70.79.18.100 {{Infobox Currency | image_1 = Falkland £1.jpg | image_title_1 = FK£1 | image_width_1 = 125 | iso_code = FKP | using_countries = ''{{flagicon|Falkland Islands}} [[Falkland Islands]]<br /> {{flagicon|South Georgia and the South Sandwich Islands}}[[South Georgia and the South Sandwich Islands]]'' | inflation_rate = 3.6% | inflation_source_date = ''[https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook]'', 1998 | pegged_with = [[pound sterling]] at par | subunit_ratio_1 = 1/100 | subunit_name_1 = [[penny]] | symbol = [[Pound sign|£]] | symbol_subunit_1 = p | plural = &nbsp; | plural_subunit_1 = pence | used_coins = 1p, 2p, 5p, 10p, 20p, 50p, £1, £2 | coin_article = Coins of the Falkland Islands pound | used_banknotes = £5, £10, £20, £50 | issuing_authority_title = Government | issuing_authority = [[Government of the Falkland Islands]] | issuing_authority_website = www.falklands.gov.fk }} 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 (currency)|pound]]-denominated currencies. The [[ISO 4217]] currency code is ''FKP''. The Falklands pound is (and always has been) [[Fixed exchange rate|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). The Falklands pound is also commonly used in [[South Georgia and the South Sandwich Islands]], a separate British overseas territory some 1332&nbsp;kilometres (827&nbsp;mi) to the east (though the official currency of that territory is the pound sterling<ref>[http://www.fco.gov.uk/en/about-the-fco/country-profiles/south-america/south-georgia-south-sandwich Foreign and Commonwealth Office country profiles: South Georgia and the South Sandwich Islands]</ref>). ==History== The pound was introduced following the occupation of the Falklands Islands by the British in 1833. During the earlier [[Falklands War|Argentinian occupation]], the [[Malvinas Islands peso|peso]] had circulated. Initially, [[British pound|British currency]] circulated, with the pound subdivided into 20 ''[[shilling]]s'', each of 12 ''[[penny|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 of the Falkland Islands pound|Coins]] have been minted specifically for the Falklands since 1974. ==Coins== {{main|Coins of the Falkland Islands pound}} 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 [[Coins of the pound sterling|British coins]]. ==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. In 1969, in preparation for decimalisation, the 10 shilling note was replaced by a 50 pence note. 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 (grey) *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 of the United Kingdom|Queen Elizabeth II]], the [[Coat of arms of the Falkland Islands|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, Stanley|Christ Church Cathedral]] in [[Stanley, Falkland Islands|Stanley]] and [[Government House (Falkland Islands)|Government House]], the official residence of the [[Governor of the Falkland Islands]]. {{Exchange Rate|FKP}} ==See also== * [[Economy of the Falkland Islands]] ==References== {{refbegin}} <references/> *{{numis cite SCWC|date=1991}} *{{numis cite SCWPM|date=1994}} {{refend}} ==External links== {{Standard numismatics external links | world_coin_gallery_1_url = Falkland | world_coin_gallery_1_name = Falkland Islands | banknote_world_1_url = falkland_islands | banknote_world_1_name = Falkland Islands | dollarization_1_url = | dollarization_1_name = | gfd_1_url = Falkland_Islands | gfd_1_name = Falkland Islands | gfd_data_1_url = | gfd_data_1_name = | show_gfd_excel = Y }} {{Banknotes of the pound sterling}} {{Currencies of the Americas}} [[Category:Currencies of British Overseas Territories]] [[Category:Economy of the Falkland Islands|Pound]] [[Category:South Georgia and the South Sandwich Islands]] [[Category:Fixed exchange rate]] [[ca:Lliura de les Malvines]] [[cs:Falklandská libra]] [[de:Falkland-Pfund]] [[es:Libra malvinense]] [[it:Sterlina delle Falkland]] [[hu:Falkland-szigeteki font]] [[nl:Falklandeilands pond]] [[ja:フォークランド諸島ポンド]] [[no:Falklandspund]] [[pl:Funt falklandzki]] [[pt:Libra das Malvinas]]