Falkland Islands pound
Currency of the Falkland Islands
Falkland Islands pound
The Falkland Islands pound is the currency issued by the Falkland Islands, a British Overseas Territory. The symbol is the pound sign, £. The ISO 4217 currency code is FKP. It is also used in South Georgia and the South Sandwich Islands. Its base unit is the pound, which is divided into 100 pence (singular is 'penny'). The Falkland Islands pound has always been pegged to sterling (GBP) at par, meaning they exchange at an equal rate. Consequently, coins and banknotes of both currencies are used interchangeably in the territory; the Falkland Island pound is not widely accepted in the United Kingdom itself, particularly banknotes. FKP coins have the same composition, shape, and mass of sterling coins.
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