Alderney pound facts for kids
Quick facts for kids Alderney pound |
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| ISO 4217 Code | none | ||
| User(s) |  Alderney |
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| Pegged with | Pound sterling | ||
| Subunit | |||
| 1⁄100 | Penny | ||
| Symbol | £ | ||
Alderney is a small island that is part of the Channel Islands. It has its own special money, called the Alderney pound. This money is always worth the same as the British pound from the United Kingdom. This is because its value is 'pegged' to the British pound, meaning it is fixed by law.
The government of Alderney has rules about its money. These rules make sure that the money used in Alderney is the same as the money used in the United Kingdom. This means that the coins and banknotes are worth the same amount.
When you visit Alderney, you will mostly see Guernsey and Bank of England banknotes and coins. These are used all year round. During the summer, when more tourists visit, you might also see money from Jersey. Sometimes, you might even see notes from Scotland, or even from the Isle of Man or Northern Ireland.
Coins of Alderney
Alderney makes its own coins, but you won't usually find them in shops. They are mostly made for people who like to collect coins. Since 1989, Alderney has made special commemorative coins. These coins often have values like £1, £2, or £5. They are made from different metals like cupro-nickel, silver, or gold. Each coin often has a unique design.
Rare Alderney Banknote
There is a very rare £1 banknote that was made in 1810 by the Alderney Commercial Bank. This banknote is very old and hard to find. It is listed in a special book for paper money collectors. The note was black and had the Alderney coat of arms on the left side.
Understanding Exchange Rates
The Alderney pound uses the same special code, "GBP," as the British pound. This code is used around the world to identify currencies. It shows that the Alderney pound is linked directly to the British pound.
See also
