5 Pounds - George V

The Falkland Islands Currency Ordinance of 1899 authorized local paper currency, but notes of this denomination weren't actually put into circulation until the 1920s — a high-value instrument for a colony whose economy ran almost entirely on wool exports from a handful of large sheep farms. The Falkland Islands Company dominated trade to such a degree that scrip and credit arrangements often substituted for cash, which partly explains why high-denomination government notes from this period surface so rarely today.

De La Rue printed on a dated contract basis, meaning the 1921–1932 span reflects sequential issue dates rather than a single print run. Surviving examples tend to show heavy fold stress along horizontal creases, consistent with storage in desk ledgers rather than active hand-to-hand use.