The Falkland Islands, a British Overseas Territory in the South Atlantic Ocean, uses the Falkland Islands Pound as its currency; it is a variation of the United Kingdom Pound Sterling and has always been pegged to it at par. Coins and banknotes of both currencies are used interchangeably on the islands, although the reverse is not true - Falkland Islands coins and notes are not legal tender in the United Kingdom.
Apart from the regular circulation coinage, the territory also issues Non-Circulating Legal Tender (NCLT) coins for collectors, as well as bullion. The coins normally use internationally popular formats, such as the one troy ounce (1oz) of silver. |
