Sterling area
If the UK were to join the euro area, it will affect the Crown Dependencies and some British territories overseas, which also uses the pound sterling or currency on a par with Sterling. The dependencies of the Crown. Isle of Man, Jersey, Guernsey and Alderney books all share the code ISO 4217 GBP British territories overseas, Gibraltar, Falkland Islands, British Territory in the Indian Ocean, Saint Helena books, it is also set so that £ 1 in local currency equal to one pound sterling. British Antarctic Territory and South Georgia and South Sandwich Islands do not have their own currency and using the book.
When France adopted the euro, so did the French departments and territories overseas which use the French franc. The CFP franc, the CFA franc and the Comorian franc, which are used in the overseas territories and some African countries had fixed exchange rate with the French franc, but not at face value - for various historical reasons that were worth much less , a French franc CFP franc = 18.2, 75 or 100 francs CFA Comoros. The CFA franc and the Comorian franc is pegged to the euro at a fixed exchange rate with free convertibility maintained at the expense of the French Treasury. The CFP franc is pegged to the euro at a fixed rate.
It has been suggested that the area sterling areas, therefore, four possibilities:
Enter in the euro area as a non-EU country and issue a national special variant of the euro, like Monaco and the Vatican have done. The European Union has demanded that "the monetary agreements" concluded by non-EU member wishing to make their own currency system, and pushed Andorra not to issue their own coins until it is resolved. Such agreements, the EU said, among other things find out if the EU banking system and financial sector regulation.
Use of euro coins issued by Great Britain and other countries in the euro area. This can be seen by some as losing an important symbol of independence. [Edit]
To keep the money in existence, but the pin is fixed in euros. The maintenance of a fixed against the currency speculators can be very expensive, as the UK is available in black Wednesday. However, if the United Kingdom is conducive to the maintenance of these small, fixed-rate currencies, it would be so reliable, that the speculation will happen.
Adopt a floating currency, or in a particular currency to another currency, as the government of Jersey has been suggested. [30] [dead link]
Gibraltar is in a separate, as in the EU (as part of the accession of the United Kingdom). If the United Kingdom to adopt the euro, it would be possible to apply an exclusion of Gibraltar. It is unclear whether Gibraltar would be subject to its own referendum or consultation would be included in the UK as the voice of Gibraltar as part of the UK in the European elections.
If the UK were to join the euro area, it will affect the Crown Dependencies and some British territories overseas, which also uses the pound sterling or currency on a par with Sterling. The dependencies of the Crown. Isle of Man, Jersey, Guernsey and Alderney books all share the code ISO 4217 GBP British territories overseas, Gibraltar, Falkland Islands, British Territory in the Indian Ocean, Saint Helena books, it is also set so that £ 1 in local currency equal to one pound sterling. British Antarctic Territory and South Georgia and South Sandwich Islands do not have their own currency and using the book.
When France adopted the euro, so did the French departments and territories overseas which use the French franc. The CFP franc, the CFA franc and the Comorian franc, which are used in the overseas territories and some African countries had fixed exchange rate with the French franc, but not at face value - for various historical reasons that were worth much less , a French franc CFP franc = 18.2, 75 or 100 francs CFA Comoros. The CFA franc and the Comorian franc is pegged to the euro at a fixed exchange rate with free convertibility maintained at the expense of the French Treasury. The CFP franc is pegged to the euro at a fixed rate.
It has been suggested that the area sterling areas, therefore, four possibilities:
Enter in the euro area as a non-EU country and issue a national special variant of the euro, like Monaco and the Vatican have done. The European Union has demanded that "the monetary agreements" concluded by non-EU member wishing to make their own currency system, and pushed Andorra not to issue their own coins until it is resolved. Such agreements, the EU said, among other things find out if the EU banking system and financial sector regulation.
Use of euro coins issued by Great Britain and other countries in the euro area. This can be seen by some as losing an important symbol of independence. [Edit]
To keep the money in existence, but the pin is fixed in euros. The maintenance of a fixed against the currency speculators can be very expensive, as the UK is available in black Wednesday. However, if the United Kingdom is conducive to the maintenance of these small, fixed-rate currencies, it would be so reliable, that the speculation will happen.
Adopt a floating currency, or in a particular currency to another currency, as the government of Jersey has been suggested. [30] [dead link]
Gibraltar is in a separate, as in the EU (as part of the accession of the United Kingdom). If the United Kingdom to adopt the euro, it would be possible to apply an exclusion of Gibraltar. It is unclear whether Gibraltar would be subject to its own referendum or consultation would be included in the UK as the voice of Gibraltar as part of the UK in the European elections.
