Jersey pound : Ask Biography

Currency

ISO 4217 Code

none

Official user

Jersey (alongside pound sterling)

Inflation

5.3%

ERM

Pegged with

pound sterling at par

Subunit

1/100

penny

Symbol

Coins and Banknotes

Freq. used coins

1p, 2p, 5p, 10p, 50p, £1

Rarely used coins

20p, £2

Central bank

Treasury and Resources Department, States of Jersey

Home | Currency | Jersey pound

The pound is the currency of Jersey. Jersey is in currency union with the United Kingdom, and the Jersey pound is not a separate currency but is an issue of banknotes and coins by the States of Jersey denominated in pound sterling, in a similar way to the banknotes issued in Scotland and Northern Ireland (see Banknotes of the pound sterling). It can be exchanged at par with other sterling coinage and notes (see also sterling zone).

For this reason, ISO 4217 does not include a separate currency code for the Jersey pound, but where a distinct code is desired JEP is generally used.

Both Jersey and Bank of England notes are legal tender in Jersey and circulate together, alongside the Guernsey pound and Scottish banknotes. Although the Jersey notes are not legal tender in the United Kingdom, creditors and traders may accept them if they so choose.