Time Period: 1840-1899

Timeline

  • 31.03.1842
  • Rating of Spanish trade coins:
    - Spanish Dollar (8 Spanish Real in silver) at 52 Pence
    - Spanish doubloon (8 Spanish Escudos in gold) at 64 Shillings
  • 1844-1845
  • Unauthorised issuance of paper money by the local governor:
    - 02.04.1844: Start of issuance of 1'000 British Pounds in paper money denominated at 50, 25, 10, 5, 1, ½ Spanish Dollars
    - 31.03.1845: Withrawal and destruction (no specimens have survived) of the paper money and redemption at face value.
  • 31.07.1849
  • Rating of Spanish trade coins:
    - Spanish Dollar (8 Spanish Real in silver) at 50 Pence
    - Spanish doubloon (8 Spanish Escudos in gold) at 64 Shillings


Time Period: 1898-

Currency: Falkland Islands Pound


Timeline

  • 03.02.1898
  • Ordinance [Order in Council], declares the British Coinage Acts, 1870 & 1891 in force; effective 05.05.1898
  • 07.03.1899
  • Ordinance [Currency Note Order] on the creation of a currency commission and the issuance of government paper money; effective immediately
  • 16.10.1899
  • Start of issuance of paper money
  • 11.10.1930
  • Ordinance [Currency Note Ordinance, No. 11], makes the currency commission and note issuance permanent; effective immediately
  • 06.04.1939
  • Ordinance [Currency Note Rules] on a renewal of the paper money; effective immediately
  • 20.12.1968
  • Proclamation of the British law [Decimal Coinage Act, 1967] on the decimalization of the currency; effective immediately
  • 22.12.1971
  • Proclamation of the British law [Decimal Coinage Act, 1969] on the implementation of the currency decimalization, no British decimal coins were to be introduced but the pre-decimal ones were redenominated; effective immediately
  • 18.12.1974
  • Ordinance on the issuance of decimal subsidiary coins for the Falkland Islands; effective immediately
  • 01.07.1987
  • Ordinance [Currency Ordinance, No. 14] on the Falkland Islands currency, among others, formally demonetizes the British currency; effective immediately

Valuation Regimes

  • 1898-
  • Fixed rate against British Pound

Rate Arrangements

  • 05.05.1898
  • Fixed
  • British Pound at 1 : 1


End-year Forex Rates (Units per US Dollar)