Isle of Man pound

from Wikipedia, the free encyclopedia
Isle of Man pound
Image description is missing
Country: Isle of ManIsle of Man Isle of Man
Subdivision: 100 pence
ISO 4217 code : no
Abbreviation: £ , IMP
Exchange rate :
(August 27, 2020)

1 IMP = 1  GBP (fixed)

1  EUR  = 0.89505 IMP
1 IMP = 1.1173 EUR

1  CHF  = 0.8326 IMP
1 IMP = 1.2011 CHF

The Isle of Man pound (also Manx pound , English Manx Pound , Manx Punt Manninagh ) is the currency of the Isle of Man . An Isle of Man pound is equal to one British pound . By 1840, the Isle of Man pound was divided into 280 pence (14 pence made one shilling ). As a result, copper coins were issued specifically for the Isle of Man.

Between 1840 and 1971 only special banknotes for the Isle of Man were issued. In 1961, the island's government was given the sole right to issue paper money . In connection with the switch to the decimal system, the island began to put its own coins into circulation in 1971.

The Isle of Man pound is not an official currency in the UK and banknotes are usually not accepted there. The coins occasionally make their way into the UK monetary cycle as they are nearly identical to their UK counterparts in terms of size and appearance.

The Isle of Man pound shows the triskele on one side and, as Lord of Mann, Queen Elizabeth II without a crown. The government promises to respect and respect the currency. The five Manx pound note is the only known banknote in the world that depicts a pub.

The Manx pound and coins are very similar to the pound sterling , with the one exception that 1 pound is issued as a banknote and coin. Coins carry the words ISLE OF MAN around the head of the British monarch and, unlike sterling coins, the edges of the coins are not marked with an inscription.

A designation according to ISO 4217 does not exist, the usual abbreviation is IMP.

Web links