GIBRALTAR

The British colony of Gibraltar is located at the southern most tip of the Iberian peninsula between Spain and Morocco. Britain and Spain have disputed the sovereignty of the island but in 2002 the referendum held was overwhelmingly against Spanish sovereignty and in 2006 a 3 way agreement gave Gibraltar its own constitution, however, Britain is still responsible for defense  foreign relations, internal security and financial stability.

Monetary unit  1 pound = 20 shillings = 240 pence (up to 1971)
                      1 Pound = 100 pence (1971 onward)

The note above is a £1 (pound) note from 1988 with queen Elizabeth II on the front and the Covenant of Gibraltar on the reverse.