Officially name: The Falkland Islands
Capital: Stanley
Largest city: Stanley
Official language: English
Government: British Overseas Territory (constitutional monarchy and parliamentary democratic dependency)
The pound is the currency of the Falkland Islands, a British Overseas Territory in the South Atlantic Ocean.The symbol is the pound sign, £, or alternatively FK£, to distinguish it from other pound-denominated currencies. The ISO 4217 currency code is FKP. The Falklands pound has always been pegged to the pound sterling at par and banknotes of both currencies are used interchangeably on the islands (although only notes issued by banks in the United Kingdom are generally accepted in Britain itself).
The Falkland Islands are located in the South Atlantic Ocean on a projection of the Patagonian continental shelf about 250 nautical miles (288 mi; 463 km) from the Patagonia coastline and slightly to the north of the southerly tip of Cape Horn and of its undersea extension, the Scotia Arc. In ancient geological time this shelf was part of Gondwana, which around 400 million years ago broke from what is now Africa and drifted westwards relative to Africa.