.png) Reverse of coins | |
| ISO 4217 | |
|---|---|
| Code | FKP (numeric: 238) |
| Subunit | 0.01 |
| Unit | |
| Plural | |
| Symbol | £ |
| Denominations | |
| Subunit | |
| 1⁄100 | penny |
| Plural | |
| penny | pence |
| Symbol | |
| penny | p |
| Banknotes | £5, £10, £20, £50 |
| Coins | 1p, 2p, 5p, 10p, 20p, 50p, £1, £2 |
| Demographics | |
| User(s) | Falkland Islands (UK) (alongsidesterling) South Georgia and the South Sandwich Islands (UK) (alongsidesterling) |
| Issuance | |
| Currency board | Falkland Islands Commissioners of Currency |
| Website | www |
| Valuation | |
| Inflation | 3.6% |
| Source | The World Factbook, 1998 |
| Pegged with | pound sterling at par |
Thepound is the currency of theFalkland Islands, aBritish Overseas Territory in theSouth Atlantic Ocean. The symbol is thepound sign,£. TheISO 4217 currency code isFKP.
The Falkland Islands pound has always beenpegged tosterling at par and banknotes of both currencies are used interchangeably on the islands, but the Falkland Island pound is not widely accepted in Britain itself.
The pound was introduced following the reassertion of sovereignty in the Falklands Islands by the British in 1833. Initially,sterling coin circulated, in units of apound subdivided into 20shillings, each of 12pence. Specific issues ofbanknotes have been made for the Falkland Islands since 1899.[1] In 1971, the pound was decimalised and subdivided into 100 (new) pence.Coins have been minted specifically for the Falklands since 1974.[2]
In Falkland Islands law, the Currency Ordinance 1987 states that the Falkland Islands pound is the currency of the Falkland Islands,[3] and that it has parity with the pound sterling.[4]
References to 'pounds' in the Falklands Islands (such as in contracts and debts) refer to the Falkland Islands pound.[5]
Falkland Island pounds can be exchanged for sterling on demand, but theCurrency Commissioners are entitled to charge a percentage fee for doing so.[6]
In 1974,1⁄2, 1, 2, 5 and 10 pence coins were introduced. 50 pence coins were introduced in 1980, followed by 20 pence in 1982, £1 in 1987 and a circulating £2 in 2004. The halfpenny coin was last issued in 1983 and was demonetised shortly after. Smaller versions of the 5p, 10p and 50p, corresponding to the current UK issues, were issued in 1998, replacing the larger versions (which for the 5p was eight years after its introduction in the UK). The introduction of the circulation £2 coin in 2004 was six years after the same coin was issued in the UK. In 2020, the Falklands Islands issued a new 12-sided bi-metallic £1 coin, matching both the composition and size of itsUK counterpart, while also announcing the withdrawal of the round £1 coin in January 2023, with the assistance of theRoyal Mint. All the coins have the same composition and size as the correspondingBritish coins.
| £0.01 | £0.02 | £0.05 |
|---|---|---|
 |  |  |
| Gentoo penguin[7] | Upland goose[7] | Black-browed albatross[7] |
| £0.10 | £0.20 | £0.50 |
 |  |  |
| South American sea lion | Sheep[7] | Warrah[7] |
| £1.00 | £2.00 | £2.00 edge |
 |  | |
| Falkland Islands coat of arms[7] | Map of the Falkland Islands |
Between 1899 and 1901, the government introduced notes for 5/- and 10/-, £1 and £5. 5/- notes were issued until 1916. Following decimalisation in 1971, the 10/- note of the preceding issue became the new 50-pence note, though it retained its old design.[8] £10 notes were introduced in 1975, followed by £20 in 1984 and £50 in 1990. Banknotes in circulation are:
Falkland Islands' banknotes feature the same images, differing only in their respective denominations and corresponding colours. On the front side, all notes depict a portrait ofQueen Elizabeth II, theFalklands' coat of arms, a small map of the islands, and images of two of the islands' main animals: penguins and sea lions. On the back, notes feature pictures ofChrist Church Cathedral inStanley andGovernment House, the official residence of thegovernor of the Falkland Islands.
Banknotes are printed byDe la Rue plc on behalf of the Falkland Island Commissioners of Currency. In 2010 an order was placed for the printing of 200,000 £10 banknotes and for 200,000 £20 banknotes which would represent a supply of banknotes that would last for 15 to 20 years.[9]
A shortage of £5 banknotes led to apublic consultation on a new design of banknotes in 2024. New £5, £10, and £20polymer banknotes entered into circulation on 14 August 2025, all with the same design featuringCharles III and illustrations oflocal wildlife (theblack-browed albatross,king penguin, andpale maiden), as well asSteeple Jason Island. There are no plans for a new £50 banknote due to an adequate supply, and the older series of banknotes is expected to be withdrawn from circulation in 2026.[10]
| Current FKP exchange rates | |
|---|---|
| FromGoogle Finance: | AUDCADCHFCNYEURGBPHKDJPYUSDARSJPYUSD |
| FromYahoo! Finance: | AUDCADCHFCNYEURGBPHKDJPYUSDARSJPYUSD |
| FromXE.com: | AUDCADCHFCNYEURGBPHKDJPYUSDARSJPYUSD |
| From OANDA: | AUDCADCHFCNYEURGBPHKDJPYUSDARSJPYUSD |
The unit of currency of the Falkland Islands shall be the Falkland Islands pound, which shall be divided into one hundred pence.
The Falkland Islands pound shall have parity with the pound sterling.
Contracts, transactions and documents in the Falkland Islands to be in Falkland Islands currency.
The Commissioners shall on demand buy or sell sterling for immediate delivery in London or the Falkland Islands against the Falkland Islands pound.
Capital:King Edward Point | |||||||
| General | |||||||
| Settlements / Whaling stations | |||||||
| South Georgia islands | |||||||
| South Sandwich Islands |
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| Seamounts | |||||||
| Landmarks | |||||||
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