Guernsey Pound

Guernsey Pound

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 banknotes and coins denominated in pound sterling, 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 zone). For this reason, ISO 4217 does not include a separate currency code for the Guernsey pound, but where a distinct code is desired GGP is generally used.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

1 Guernsey Pound to British Pound exchange rates chart

1 GGP to GBP exchange rates graph
1 GGP to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 GGP to GBP exchange rates table

Exchange GGP to GBP
1 Guernsey Pound = 1.000 British Pound
2 Guernsey Pound = 2.000 British Pound
5 Guernsey Pound = 5.000 British Pound
10 Guernsey Pound = 10.000 British Pound
Exchange Guernsey Pound to British Pound
1 Guernsey Pound to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 GGP to GBP exchange rates news

Wheeling Central grad Stein Gains Special Honor

WHEELING — A new year was ushered in Tuesday. Kurt Stein, however, will always have special memories from 2018. The Wheeling Central product guided Oakdale

9 days conditional neutral
Let's Reminisce about Cambridge, Guernsey County

JANUARY 3, 1959 Frank Cosby, employee of the Cambridge Lumber Co. for 13 years has retired. JANUARY 3, 1969 Churches of New Concord are sponsoring a series of study classes for high school youth on sex education and moral responsibility on the theme, "Fit to be Tied. JANUARY 3, 1979 Carolyn Tillett is named assistant treasurer at Cambridge Production Credit Association. She has been with PCA for 11 years. JANUARY 3, 1989 Karen Sue and Ivan Hickenbottom, Kimbolton, were honored as Premiere

12 days indicative neutral
Today is the last day to spend your old £10 notes

The old £10 notes will cease to be legal tender — meaning shops are no longer obliged to take them — after 11.59 p.m. (GMT) on Thursday, March 1.

about 2 months conditional positive
eBay: ‘Ultra rare’ £1 coin sells for £5000 - could you have one stashed in your wallet?

EBAY has become a platform for coin collectors to sell their most prized finds. One of the latest coins to sell on the auction website is a £1 coin described as ‘ultra rare’. It sold for a hefty sum of £5,000.

about 2 months conditional positive
Luton gang convicted over multi-million pound drugs operation stretching as far as Pakistan and Morrocco
Luton gang convicted over multi-million pound drugs operation stretching as far as Pakistan and Morrocco

A Luton organised crime gang has been found guilty of operating a multi-million pound drugs business that stretched as far as Morrocco and Pakistan.

2 months indicative negative
Jamaican dollar declines 10 cents vs greenback

The Jamaican dollar devalued by 10 cents against the United States dollar during Wednesday’s trading, according to the trading summary from the Bank of Jamaica (BOJ)

6 days indicative negative
Forex reserves hit high in December | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 4 (CNA) Taiwan's foreign exchange reserves hit another all-time high at the end of December because of an increase in returns on the portfolio managed by Taiwan's central bank, the bank said Friday.

12 days indicative neutral

1 GGP to GBP currency converter