Manx pound
The pound is the currency of the Isle of Man. Whilst not sterling, it is accepted in the island (and notes at most banks in the UK also) at par to the the Pound Sterling although, until 1840, the Manx pound was divided into 280 pence (i.e., 14 pence = 1 shilling). Consequently, separate issues were made of copper coins for the Isle of Man.
Between 1840 and 1971, the only issues made specifically for the Isle of Man were banknotes. In 1961, the government of the Isle of Man took the sole right to issue Manx paper money. In 1971, coinciding with decimalization, the Isle of Man began issuing its own circulation coins.
Once in the United Kingdom, no shop will officially accept the Manx currency and travellers are advised to convert before leaving the island. For this reason, the ATM machines at the Sea Terminal, Douglas and at Ronaldsway Airport (IOM) both issue sterling notes only. The Manx coins do, however, sometimes creep into general UK circulation as they have identical size and shape to the corresponding UK coins.
The Isle of Man pound shows the triskelion and the Lord of Man (Queen Elizabeth without crown) and it is the Government that promises to honour the currency. The Manx five pound note is the only known note to picture a pub on it. In the bottom left-hand corner of the reverse, the Castle Arms (known as the Glue Pot) is shown opposite Castletown Castle.
The Manx pound and coinage is similar to the pound sterling with the exception that the one pound is issued in note and in coin form. Coins bear the words ISLE OF MAN on the obverse to the left of the monarch's head, and the borders of Manx pound coins are not marked with an inscription as is the case with sterling.
The coins show Elizabeth II with crown as the cost of removing it would have been prohibitive according to The Treasury (Yn Tashtey).
See also
External links
 | This money or currency-related article is a stub. You can help Wikipedia by expanding it. |