Financial services - banking, fund management, insurance, etc. - account for about 55% of total income in this tiny Channel Island economy. Tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, have been declining. Light tax and death duties make Guernsey a popular tax haven. The evolving economic integration of the EU nations is changing the rules of the game under which Guernsey operates.
Guernsey Pound on parity with British pound GBP; Notes from Jersey are also accepted. Note - Guernsey pounds are not accepted in the UK and should be changed for UK pounds before leaving the islands. ATMs generally describe which currency is being dispensed - 'Local' or 'Sterling'.