The Jersey pound (JEP)The pound is the currency of Jersey.
Jersey is in currency union with the United Kingdom, and the Jersey pound is not a separate currency but is an issue of banknotes and coins by the States of Jersey denominated in pound sterling, in a similar way to the banknotes issued in Scotland and Northern Ireland.
It can be exchanged at par with other sterling coinage and notes (see also sterling zone).
Both Jersey and Bank of England notes are legal tender in Jersey and circulate together, alongside the Guernsey pound and Scottish banknotes.
The Jersey notes are not legal tender in the United Kingdom and unlike Scottish and Northern Irish banknotes are not authorised by the UK Parliament as legal currency in the United Kingdom.
That said, it will often be accepted by vendors in the UK with varying degrees of difficulty.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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