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Glite Dictionary
Falkland Islands monetary unit

Falkland Islands monetary unit

7.7
Money used in the Falkland Islands that has the same value as the British pound
  • noun
  • UK
translation icon : unidad monetaria de las Islas Malvinas
  • The Falkland Islands monetary unit is pegged at parity with the British pound sterling.

Examples

  • Tourists can exchange their currency for the Falkland Islands monetary unit at local banks.

  • All transactions on the islands are conducted using the Falkland Islands monetary unit.

  • The Falkland Islands monetary unit is pegged to the British pound.

  • Many tourists exchange their pounds for Falkland Islands monetary units.

  • All transactions on the islands are conducted using the Falkland Islands monetary unit.

  • The Falkland Islands monetary unit is pegged at parity with the British pound sterling.

  • Tourists can exchange their currency for the Falkland Islands monetary unit at local banks.

Surface Forms

Falkland Islands monetary unit singular
Falkland Islands monetary units plural

Morphology

Falkland + island + monetary + unit

The phrase is fully compositional: 'Falkland Islands' specifies the place and 'monetary unit' means the unit of currency, so together they denote the currency used in that territory. Given knowledge of all constituent words (including the proper noun 'Falkland'), a B1 learner can directly infer this meaning.

Etymology

Falkland Islands monetary unit comes from the islands having their own coins and notes with local pictures while keeping the same value as the British pound. So the words Falkland Islands name the place and monetary unit means the local money that is 'equal in value to the British pound'.