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The pound (abbreviation: IMP; sign: £), or Manx pound (Manx: Punt Manninagh; in order to distinguish it from other similar-named currencies), is the currency of the Isle of Man, at parity with sterling. [1] The Manx pound is divided into 100 pence. Notes and coins, denominated in pounds and pence, are issued by the Isle of Man Government.
The Manx pound matches the pound sterling and went decimal in 1971, with the UK, however since this date the Isle of Man has been at the forefront of coin innovation: [2] The £1 coin was introduced on the Isle of Man in 1978, 5 years before the United Kingdom's equivalent, [3] and there is currently a circulating £5 coin. [1]
Guernsey pound (local, government-issued sterling banknotes and coins) Alderney pound (local, government-issued commemorative coins) Issued by license of the Bank of England to the Treasury and Resources Department, States of Guernsey Isle of Man; Manx pound (local, government-issued sterling banknotes and coins)
Manx pound; T. Traders' currency tokens of the Isle of Man This page was last edited on 14 April 2022, at 06:27 (UTC). Text is available under the Creative ...
[citation needed] While the Isle of Man recognises the Pound Sterling as a secondary currency, coins of the Manx pound are not legal tender in the UK. The pound sterling is also the official currency of the British overseas territories of South Georgia and the South Sandwich Islands, [41] British Antarctic Territory [42] and Tristan da Cunha. [43]
2. If there isn't an entity whose full and correct name is the Manx pound, but this article is simply about the use of the pound in the Isle of Man, then the article should be titled Pound (Isle of Man), or perhaps Isle of Man currency, or whatever seems best. The combination of article title Manx pound and introductory definition "The pound is ...
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The English word "pound" derives from the Latin expression lībra pondō, in which lībra is a noun meaning 'pound' and pondō is an adverb meaning 'by weight'. [ 1 ] [ 2 ] The currency's symbol is ' £ ' , a stylised form of the blackletter 'L' ( L {\displaystyle {\mathfrak {L}}} ) (from libra ), crossed to indicate abbreviation.