The island of

Alderney Alderney (; french: Aurigny ; Auregnais: ) is the northernmost of the inhabited Channel Islands. It is part of the Bailiwick of Guernsey, a British Crown dependency. It is long and wide. The island's area is , making it the third-largest ...

has its own

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general def ...

, which by law must be pegged to that of the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

(see

pound sterling Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and t ...

). Schedule 2 of the Government of Alderney Law provides that the

States of Alderney The States of Alderney (French: ''États d'Aurigny'') is the parliament/council and the legislature of Alderney, part of the Bailiwick of Guernsey. The origin of the States is unknown, but has operated from the medieval period. The States of A ...

may, by Ordinance, prescribe "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". In normal use in Alderney,

Guernsey Guernsey (; Guernésiais: ''Guernési''; french: Guernesey) is an island in the English Channel off the coast of Normandy that is part of the Bailiwick of Guernsey, a British Crown Dependency. It is the second largest of the Channel Islands ...

and

Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of ...

banknotes and coins circulate side by side year round, while in the summer tourist season,

Jersey Jersey ( , ; nrf, Jèrri, label=Jèrriais ), officially the Bailiwick of Jersey (french: Bailliage de Jersey, links=no; Jèrriais: ), is an island country and self-governing Crown Dependencies, Crown Dependency near the coast of north-west F ...

notes and coins are also common, as well as Scottish and occasionally even Manx or

Northern Irish Northern Irish people is a demonym for all people born in Northern Ireland or people who are entitled to reside in Northern Ireland without any restriction on their period of residence. Most Northern Irish people either identify as Northern ...

notes.

Coins

Alderney coins are widely available to collectors but not in general circulation. Since 1989, Alderney has issued occasional commemorative coins of £1, £2 or £5 face value in

cupro-nickel Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimu ...

, silver or gold.

Banknote

A very rare 1 pound banknote was issued in 1810 by the Alderney Commercial Bank. It is catalogued in the ''Standard Catalog of World Paper Money'' as PS181. 1 pound. 26 December 1810. Black. Alderney coat of arms at left.Se
1810 £1 note
/ref>

Exchange rates

The Alderney pound shares the ISO code "GBP" with sterling.

Literature

References

Currencies of the British Empire Currencies of the Commonwealth of Nations Currencies of the Channel Islands Alderney

Banknotes of Europe {{Guernsey-stub

Coins

Banknote

Exchange rates

Literature

See also

References