Tag: banking in Jersey
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Exploring the Distinctiveness of the Jersey Pound (JEP)
Jersey’s unique currency, the Jersey Pound (JEP), distinguishes it from the United Kingdom, underscoring the island’s economic autonomy. Despite being pegged to the British Pound Sterling (GBP) at a near one-to-one rate, the JEP serves as a standalone currency that is rarely accepted outside of Jersey. This distinction is not just financial but is deeply…
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