MercoPress. South Atlantic News Agency

Conversion of Falkland Islands pounds into Sterling.

Public Notice from the Treasury and Standard Chartered Bank.

Due to the costs associated with importing sterling, members of the public are advised that, with effect from 30 July 2004, a 1% commission will be charged by the Treasury and Standard Chartered Bank on the exchange of Falkland Islands pounds for sterling.

The Bank has agreed to remove its £500 limit and will exchange sterling subject to availability. To ensure requirements for large amounts of sterling can be met when they are needed by customers, special orders should be placed with the Bank.

Authority for the Treasury to levy this rate of commission is provided under the Currency Ordinance. Standard Chartered Bank has agreed to levy the same commission

Please note that traveller's cheques in both sterling and US dollars are available from the bank for a 1% commission charge. As travellers cheques offer greater security than cash and can be purchased for the same cost, customers are advised to limit their sterling requirements.