Currencies

(asked on 12th May 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for what reason the Manx pound has not been approved for use as legal currency in the UK.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 18th May 2021

The Isle of Man is not part of the UK, but is a self-governing dependency of the Crown, and issues its own currency that is governed under Manx law.

It is also not the case that payment between contracting parties in the UK must necessarily be made using a specified method of payment. It is a matter for the prospective parties to a contract to stipulate whatever form of payment they wish.

Reticulating Splines