Guernsey’s currency is the Guernsey pound (GGP, code 049). The name of the Guernsey currency is naturally chosen by analogy with the name of the currency that is in circulation in the UK.

During the Middle Ages and until 1834, the French livre was used as a means of payment in Guernsey, and after the monetary reform in France and until 1921, the French franc. In 1827, Guernsey tried to start issuing its own territorial currency in the form of a pound, but this did not lead to significant success. After that, francs and doubles, introduced a little later, continued to be in circulation on the territory of the country. In 1921, Guernsey finally switched to its own pounds, which were immediately rigidly tied to the metropolitan pound, which is what is happening at the present time – 1 Guernsey pound is equal to 1 British pound sterling, which is also an obligatory means of payment in Guernsey, as well as Guernsey pound – in the UK.

1 Guernsey pound is divided into 100 pence. The name of the exchange unit is also borrowed from the currency of the metropolis.

The Treasury of Guernsey, the department that manages the emission in the territory of education, issued banknotes in denominations of 1 (one), 5 (five), 10 (ten), 20 (twenty) and 50 (fifty) Guernsey pounds. Also minted and in circulation are coins with a nominal value of 1 (one) penny, 2 (two), 5 (five) 10 (ten), 20 (twenty) and 50 (fifty) pence, as well as coins with a denomination of 1 (one), 2 (two) and 5 (five) pounds.

Guests and tourists of the territorial formation of Guernsey should not worry too much about exchanging their currency for the local one. Firstly, pounds sterling is in parallel circulation on the islands, and secondly, you can exchange currencies everywhere at any exchange office or bank branch, which are in abundance here. It is worth noting that exporting the local currency of Guernsey is also not prohibited in almost any amount.

Purchases can be paid for in local currency, pounds sterling, euros and with the help of credit cards of the world’s leading payment systems.