Isle of Man Pound to Euro — exchange rate

Country of Circulation: Isle of Man Treasury

Currency Code, Symbol: IMP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2, £5

Denominations of banknotes in circulation: £1, £5, £10, £20, £50

History: The Manx pound (£) is a currency circulating on the Isle of Man that is in the Crown Colony of the United Kingdom of Great Britain. On the global exchange market, the currency is known as IMP. On the Isle of Man, pence (pennies) are used as change.One pound has (£) 100 pennies. The currency was issued since 1668. However, they have become official only in 1679. The coins came first. The Manx pound is not the only currency of the isle. The official British currency – pound sterling – is also used for payment.Read More

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More