Isle of Man Explores Currency Amendments

The Isle of Man is consulting the public on proposals to modernise its banknotes and coins. According to the Manx Treasury, the change of monarch from Queen Elizabeth II to King Charles III (referred to as the Lord of Mann on the island) is an opportune time to consider the designs.

The Isle of Man, located in the Irish Sea, is a self-governing British Crown Dependency, with its own government and laws. It also has its own currency, the Manx pound, which is issued at par with Bank of England notes. The island’s coins were last updated in 2017, but the design of the current banknote series, issued in 1983, has not been significantly revised since 1961, when the government took over the issue of notes and coins from the commercial banks.