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
Guernsey within the Common Travel Area of the British Isles and is not a member of the European Union, but has a special relationship with it, being treated as part of the European Community with access to the single market for the purposes of free trade in goods. Taken together with the separate jurisdictions of Alderney and Sark it forms the Bailiwick of Guernsey. The two Bailiwicks of Guernsey and Jersey together form the geographical grouping known as the Channel Islands. The name "Guernsey", as well as that of neighbouring "Jersey", is of Old Norse origin. The second element of each