Guernsey pound

Guernsey pound

Livre de Guernesey GGP
ISO 4217
Code	none (GBP unofficially)
Unit
Plural
Symbol	£‎
Denominations
Subunit
1⁄100	penny
Plural
penny	pence
Symbol
penny	p
Banknotes	£1, £5, £10, £20, £50
Coins	1p, 2p, 5p, 10p, 20p, 50p, £2
Demographics
User(s)	Guernsey
Issuance
Treasury	Treasury and Resources Department, States of Guernsey
Website	www.gov.gg
Valuation
Inflation	1.9%
Source	States of Guernsey, March 2018
Pegged with	variant of pound sterling

The pound is the currency of Guernsey. Since 1921, Guernsey has been in currency union with the United Kingdom and the Guernsey pound is not a separate currency but is a local issue of sterling banknotes and coins, in a similar way to the banknotes issued in Scotland, England and Northern Ireland (see Banknotes of the pound sterling). It can be exchanged at par with other sterling coinage and notes (see also sterling area).

For this reason, ISO 4217 does not include a separate currency code for the Guernsey pound; when distinction from sterling is desired the abbreviation GGP may be used.^[1]