Currency - Falkland Islands pound

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Falkland Islands pound

£
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 Falkland Islands 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).

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 Argentine occupation of the islands during the Falklands War in 1982, the Argentine peso was used instead of the pound.

For a more general history of currency in the South Atlantic region, see Pound sterling in the South Atlantic and the Antarctic.

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.

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. 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)

Country

Falkland Islands

The Falkland Islands (Islas Malvinas, ) is an archipelago in the South Atlantic Ocean on the Patagonian Shelf. The principal islands are about 300 mi east of South America's southern Patagonian coast, and about 752 mi from the northern tip of the Antarctic Peninsula, at a latitude of about 52°S. The archipelago, with an area of 4700 sqmi, comprises East Falkland, West Falkland and 776 smaller islands. As a British overseas territory, the Falklands have internal self-governance, and the United Kingdom takes responsibility for their defence and foreign affairs. The Falkland Islands' capital is Stanley on East Falkland.

Controversy exists over the Falklands' discovery and subsequent colonisation by Europeans. At various times, the islands have had French, British, Spanish, and Argentine settlements. Britain reasserted its rule in 1833, although Argentina maintains its claim to the islands. In April 1982, Argentine forces temporarily occupied the islands. British administration was restored two months later at the end of the Falklands War. Most Falklanders favour the archipelago remaining a UK overseas territory, but its sovereignty status is part of an ongoing dispute between Argentina and the United Kingdom.

Language

Falkland Islands pound (English)  Sterlina delle Falkland (Italiano)  Falklandeilands pond (Nederlands)  Livre des Îles Malouines (Français)  Falkland-Pfund (Deutsch)  Libra das Ilhas Malvinas (Português)  Фунт Фолклендских островов (Русский)  Libra malvinense (Español)  Funt falklandzki (Polski)  福克蘭群島鎊 (中文)  Falklandspund (Svenska)  Liră din Insulele Falkland (Română)  フォークランド諸島ポンド (日本語)  Фолклендський фунт (Українська)  포클랜드 제도 파운드 (한국어)  Falklandin punta (Suomi)  Pound Kepulauan Falkland (Bahasa Indonesia)  Folklando svaras (Lietuvių)  Falklandská libra (Česky)  Falkland Adaları poundu (Türkçe)  Falkland-szigeteki font (Magyar)  Falklandska funta (Hrvatski)  Λίρα Φώκλαντ (Ελληνικά) 
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