Isle of Man Tourist Information & Attractions

Isle of Man Events, Exhibitions & Shows for 2011

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Currency

The Isle of Man's economy has grown from simple farmers and Celtic settlers, though to the fishing trade and now in 2001 reached a higher GDP per capita then the United Kingdom. This is down to years of tax reduction, less than 1% unemployment and high cash reserves. Today the island's economy is mainly based around financial services, and many big UK retail chains such as Boots, WH Smith, Waterstone's and Marks and Spencer are represented on the Island, mainly in Douglas.

Just like the UK, the Isle of Man uses pound sterling. The Isle of Man Government also print their own notes and coins however, which look slightly different to the UK equivalent. Notes come in the form of £50, 20, 10, 5 and 1, and coins of £5, 2 and 1, and 50, 20, 10, 5, 2 and 1 pence, all of which are on a par with the UK equivalents. As well as English coins and notes, Scotland and Northern Ireland currency circulate freely on the island.