Alderney pound Alderney pound The island of Alderney has its own currency, which by law must be pegged to that of the United Kingdom (see pound sterling). Schedule 2 of the Government of Alderney Law provides that the States of Alderney may, by Ordinance, prescribe "the legal currency and denominations of the legal currency, so however that that currency, and those denominations shall be the same in Alderney as in the United Kingdom; and prescribing those notes and coins the tender of which is a legal tender of the payment of money". In normal use in Alderney, Guernsey and Bank of England
States of Alderney making it one of the world's older parliaments. Less than 50% of Alderney's population had returned to the island after World War II. This led to the Parliament of the United Kingdom discussing what to do with Alderney as land ownership markers and official papers had been destroyed in the war and Alderney's economy was stagnating as a result of more than half of the islanders not returning. The United Kingdom's Home Secretary, Chuter Ede recommended "Guernseyfication" of Alderney. In 1948 His Majesty's Privy Council decided that Alderney would become a part of the Bailiwick of Guernsey again. Later in