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
External relations of Guernsey more integrated relationship with the Commonwealth of Nations, including more direct representation and enhanced participation in Commonwealth organisations and meetings, including Commonwealth Heads of Government Meetings, however with no right to vote in the Ministerial or Heads of Government meetings. Both Alderney and Guernsey are members of the Commonwealth Parliamentary Association. The Bailiwick of Guernsey which includes Alderney, Sark, Herm and the other smaller islands is a member of the Commonwealth Games Federation and has attended every games event since the inauguration in 1970. In 2011 Guernsey, which had previously been unrated, was awarded a AAA credit rating by Standard