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20 Pounds - Elizabeth II

Issuer Government of Gibraltar
Year 1975-1986
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Currency Pound (decimalized, 1971-date)
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Obverse lettering ISSUED BY THE GOVERNMENT OF GIBRALTAR
UNDER AUTHORITY OF THE CURRENCY NOTE ORDINANCE CAP 39
CURRENCY NOTES ARE LEGAL TENDER IN GIBRALTAR FOR THE PAYMENT OF ANY AMOUNT
TWENTY POUNDS
GIBRALTAR
FINANCE AND DEVELOPMENT SECRETARY
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Reverse lettering TWENTY POUNDS
£20
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Comments

Gibraltar's Government Note Issues of this period occupied an unusual constitutional space — the territory maintained its own currency distinct from sterling despite a fixed 1:1 parity, a deliberate assertion of local administrative identity that successive governors had to navigate carefully with the Treasury in London. De La Rue printed the entire series, as they had done for Gibraltar since the colonial note issues of the 1930s.

The P#23 series ran across more than a decade without a design change, which is itself telling — the political temperature around Gibraltar's status, particularly after Spain closed the border in 1969, made continuity a conscious institutional choice.