FKPFalkland Islands PoundFalkland Islands Pound (FKP)
The Falkland Islands pound is the local currency of the Falkland Islands and is used for territorial accounts, prices, wages and cash payments.
- ISO code
- FKP
- Symbol
- £
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- The Falkland Islands pound is maintained at one-to-one parity with pound sterling.
- Last reviewed
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Quick facts
FKP at a glance
Currency profile
How FKP works
The Falkland Islands pound is the local currency of the Falkland Islands and is used for territorial accounts, prices, wages and cash payments.
The Falkland Islands Government issues FKP notes and coins. One pound is divided into 100 pence and the currency is maintained at parity with pound sterling.
- FKP is a distinct territorial currency with its own ISO code and locally issued cash.
- Its one-for-one sterling relationship stabilizes the unit value but does not make every Falkland note interchangeable in retail use outside the islands.
Context
Why this currency matters
The Falkland Islands pound is a clear example of a sterling-linked territorial unit. Its official value tracks GBP, but the issuing authority, note designs and ordinary acceptance area are local. Accurate currency data should preserve that distinction while showing the parity relationship plainly. The code is also relevant to maritime, fisheries and tourism transactions involving the islands.
Monetary framework
Exchange arrangement
The Falkland Islands pound is maintained at one-to-one parity with pound sterling.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for FKP
Local note framework established
The Falkland Islands developed a government-backed local pound note system.
Falkland Islands GovernmentDecimal system adopted
FKP changed from pounds, shillings and pence to 100 pence per pound.
Falkland Islands GovernmentSterling parity maintained
The Falkland Islands Government continues to maintain FKP at parity with GBP.
Falkland Islands Government
Usage and economy
How FKP is used
- FKP denominates local government accounts, retail prices and payroll in the Falkland Islands.
- GBP, USD, ARS and CLP are useful comparison currencies for external trade and travel context.
Banknotes and coins
FKP currency units
Falkland Islands Government is the authoritative source for the current FKP banknote framework.
Falkland Islands Government is the authoritative source for the current FKP coin framework.
One Falkland Islands Pound unit is recorded with 2 decimal places and uses Penny as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
FKP questions
What is the official value relationship between FKP and GBP?
One Falkland Islands pound is maintained at the same official unit value as one pound sterling.
Who issues Falkland Islands currency?
The Falkland Islands Government is responsible for the territory's notes and coins.
Are FKP notes the same as Bank of England notes?
No. They share a unit value under the parity arrangement but are separate cash issues with different acceptance patterns.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.