The Pound is the currency of the Falkland Islands, a British Overseas Territory in the South Atlantic Ocean. The symbol is the pound sign, £, or alternatively FK£, to distinguish it from other pound-denominated currencies. The ISO 4217 currency code is FKP. The Falkland Islands pound has always been pegged to the pound sterling at par and banknotes of both currencies are used interchangeably on the islands (although only notes issued by banks in the United Kingdom are generally accepted in Britain itself).
This is the concluding chapter of openDemocracy's e-book New Thinking for the British Economy. You can download the full e-book here for free. “It is not possible to build democratic socialism by using the ancient institutions of the British state.