DEFINITION of 'FKP'

The abbreviation for the Falkland Islands pound, the official currency of Falkland Islands. The Falkland Islands pound was brought to the region during the British occupation of 1833. The FKP symbol is £ or FK£. It is pegged to the British pound sterling and can be used interchangeably with the pound sterling.

BREAKING DOWN 'FKP'

Falkland Island pound coins are issued in 1, 2, 5, 10, 20 and 50 pence denominations, along with £1 and £2 coins. Banknotes are printed in £5, £10, £20 and £50 denominations.

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