FACTOID # 25: If you're tired of sitting in traffic on your way to work, move to North Dakota.
 
 Home   Encyclopedia   Statistics   States A-Z   Flags   Maps   FAQ   About 
 
WHAT'S NEW
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Falkland Islands pound
Falkland Islands pound
FK£1
ISO 4217 Code FKP
User(s) Falkland Islands, South Georgia and the South Sandwich Islands
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
Government Government of the Falkland Islands
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-denominated currencies. The ISO 4217 currency code is FKP. Image File history File links No higher resolution available. ... Motto Leo Terram Propriam Protegat(Latin) Let the Lion protect his own land or May the Lion protect his own land Anthem God Save the Queen Capital Grytviken Official languages English Government British overseas territory  -  Head of State Queen Elizabeth II  -  Commissioner Alan Huckle Area  -  Total 3,903 km²  1... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... ISO 4217 Code GBP User(s) United Kingdom, Crown Dependencies Inflation 2. ... For the NBA basketball player with the nickname see Penny Hardaway A variety of low value coins, including an Irish 2p piece and many U.S. pennies. ... The Pound sign (£) is the symbol for Pound sterling, the currency of the United Kingdom, and some other currencies of the same name in other countries. ... For the NBA basketball player with the nickname see Penny Hardaway A variety of low value coins, including an Irish 2p piece and many U.S. pennies. ... Look up Plural in Wiktionary, the free dictionary Plural is a grammatical number, typically referring to more than one of the referent in the real world. ... For the NBA basketball player with the nickname see Penny Hardaway A variety of low value coins, including an Irish 2p piece and many U.S. pennies. ... The British overseas territory of the Falkland Islands has its own currency, the Falkland pound, which is linked to the Pound Sterling. ... Country name: conventional long form: none conventional short form: Falkland Islands (Islas Malvinas) Data code: FA Dependency status: overseas territory of the United Kingdom, also claimed by Argentina Government type: NA Capital: Stanley Administrative divisions: none (overseas territory of the UK; also claimed by Argentina) Independence: none (overseas territory of... A United Kingdom overseas territory (formerly known as a dependent territory or earlier as a crown colony) is a territory that is under the sovereignty and formal control of the United Kingdom but is not part of the United Kingdom proper (almost exclusively Great Britain and Northern Ireland). ... For other uses, see Atlantic (disambiguation) The Atlantic Ocean is Earths second-largest ocean, covering approximately one-fifth of its surface. ... The Pound sign (£) is the symbol for Pound sterling, the currency of the United Kingdom, and some other currencies of the same name in other countries. ... The pound, a unit of currency, originated (at least in Britain) as the value of a pound mass of silver. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...


The Falklands pound is (and always has been) pegged to the pound sterling at par and banknotes of both currencies are used interchangeably on the islands (although only notes printed in the United Kingdom are 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 km (827 miles) to the east. A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... ISO 4217 Code GBP User(s) United Kingdom, Crown Dependencies Inflation 2. ... Motto Leo Terram Propriam Protegat(Latin) Let the Lion protect his own land or May the Lion protect his own land Anthem God Save the Queen Capital Grytviken Official languages English Government British overseas territory  -  Head of State Queen Elizabeth II  -  Commissioner Alan Huckle Area  -  Total 3,903 km²  1...

Contents

History

The pound was introduced following the occupation of the Falklands Islands by the British in 1833. During the earlier Argentinian occupation, the peso had circulated. Initially, British currency circulated, with the pound subdivided into 20 shillings, each of 12 pence. Motto En unión y libertad(Spanish) In Union and Freedom Anthem Himno Nacional Argentino Capital (and largest city) Buenos Aires Official languages Spanish Government Federal republic  -  President Néstor Kirchner  -  Vice President Daniel Scioli Independence from Spain   -  May Revolution 25 May 1810   -  Declared 9 July 1816   -  Recognized 1821 (by... The peso was a currency issued on the Malvinas Islands (now the Falklands Islands) in 1829. ... For details of notes and coins, see British coinage and British banknotes. ... Before decimalisation in 1971, a shilling had a value of 12d (old pence), and was equal to 1/20th of a pound: there were 240 (old) pence to the pound. ... For the NBA basketball player with the nickname see Penny Hardaway A variety of low value coins, including an Irish 2p piece and many U.S. pennies. ...


Specific issues of banknotes have been made for the Falkland Islands since 1899. In 1971, the pound was decimalized and subdivided into 100 pence. Coins have been minted specifically for the Falklands since 1974. A £20 Ulster Bank banknote. ... The British overseas territory of the Falkland Islands has its own currency, the Falkland pound, which is linked to the Pound Sterling. ...


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 2 pounds in 1998. The ½ penny coin was last issued in 1983 and was demonetized shortly after. All the coins have the same composition and size as the corresponding British coins. The British overseas territory of the Falkland Islands has its own currency, the Falkland pound, which is linked to the Pound Sterling. ... This article concerns British coinage, the coinage of the United Kingdom. ...


Banknotes

Between 1899 and 1901, the government introduced notes for 5 and 10 shillings, 1 and 5 pounds. The 5 shillings notes were issued until 1916. In 1969, in preparation for decimalization, the 10 shillings note was replaced by a 50 pence note. 10 pounds 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, 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. Elizabeth II in an official portrait as Queen of Canada (on the occasion of her Golden Jubilee in 2002, wearing the Sovereigns badges of the Order of Canada and the Order of Military Merit) Her Majesty Queen Elizabeth II (Elizabeth Alexandra Mary) (born 21 April 1926), styled HM The... The Coat of Arms of the Falkland Islands were granted on September 29, 1948. ... The cathedral and whalebone arch. ... Map of the Falkland Islands showing position of Stanley. ... Government House in Stanley has been the home of the Falkland Islands London-appointed Governors since the mid-19th century. ... Nowadays, the Governor of the Falkland Islands is the local representative of the British Crown in the Falkland Islands. ...

Current FKP exchange rates
Use Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com: AUD CAD CHF EUR GBP HKD JPY USD
Use OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD

See also

Economy - overview: The economy was formerly based on agriculture, mainly sheep farming, but today fishing contributes the bulk of economic activity. ...

References

  • Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1. 
  • 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. 

External links


  Results from FactBites:
 
NationMaster - Encyclopedia: Demographics of Falkland Islands (8855 words)
The Falkland Islands, are an archipelago in the South Atlantic Ocean, located 300 miles (483 km) from the coast of Argentina, and consisting of two main islands, East Falkland and West Falkland, together with a number of smaller islands.
The islands are referred to by the islanders and in the United Kingdom as "(The) Falkland Islands".
The largest company in the islands is the Falkland Islands Company, a publicly quoted company on the London Stock Exchange and responsible for the majority of the economic activity on the islands, though its farms were sold in 1991 to the Falkland Islands Government.
  More results at FactBites »

 
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:

 


Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m