Falkland Islands pound applies to jurisdiction Falkland Islands
The pound is the currency of the Falkland Islands, a British Overseas Territory in the South Atlantic Ocean. The symbol is the pound sign, £. The ISO 4217 currency code is FKP.
The Falkland Islands pound has always been pegged to 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).Legislative basis
In Falkland Islands law, the Currency Ordinance 1987 states that the Falkland Islands pound is the currency of the Falkland Islands, and that it has parity with the pound sterling.References to 'pounds' in the Falklands Islands (such as in contracts and debts) refer to the Falkland Islands pound.Falkland Island pounds can be exchanged for sterling on demand, but the Currency Commissioners are entitled to charge a percentage fee for doing so.