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 bodies such as the EU or the OECD. As a result, the crown dependencies work together on areas of mutual interest. For example, in 2000, the three states cooperated on development of common policies for offshore banking. In 2003, they developed a joint approach to certain EU activities around tax information. The heads of government of the crown dependencies, including Isle of Man, Guernsey, Alderney, Sark, and Jersey, meet at an annual "inter-island" summit, to discuss matters of common concern, such as financial regulation and relations with the UK. The relationship of the Crown with Guernsey has been set out