What is Isle of Man Pounds in Forex Trading?

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Isle is an official currency of Isle of Man, equivalence with pound sterling. The Isle of Man Pounds is further divided into 100 pence’s. The Isle of Man Government is an official and responsible authority for printing of coins and banknotes. The currency of Manx Government is pegged with currency of United Kingdom, the pound sterling. On demand the currency, Isle of Man Pounds can be exchanged at par for Bank of England of same value at any office Isle of Man Bank. Recently banknotes of £1, £5, £10, £20, £50 and Coins of 1p, 2p, 5p, 10p, 20p, 50p, £1, £2, £5 are generally circulation in Manx economy.

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