£

The British Overseas Territory of Saint Helena, Ascension, and Tristan da Cunha, which consists of the Atlantic islands of Saint Helena and Ascension, uses the pound as its official currency. Both currencies are widely used and accepted in Saint Helena since their exchange rates are maintained at parity with sterling. Each penny is divided into 100. The third area of the territory, Tristan da Cunha, formally accepted the pound. However, the island does periodically produce commemorative coins.