20 Pence (Lighthouse at La Corbière) – Jersey

In 1982, Jersey's currency situation was defined by its unique and dual-currency system, a legacy of its historical ties. The island officially used the Jersey pound, which was at parity with the British pound sterling. However, sterling banknotes from UK banks also circulated freely and were accepted as legal tender alongside distinct notes issued by the States of Jersey. This system provided stability and was underpinned by the island's substantial sterling reserves, held primarily in UK government securities, which fully backed the local note issue.

The period was, however, one of quiet transition and modernisation within this stable framework. The early 1980s saw the gradual withdrawal of the one-pound note, replaced by a circular one-pound coin following the UK's lead. Furthermore, the States of Jersey were in the process of assuming greater control over the design and issuance of currency. This move aimed to enhance the security and distinct identity of Jersey's notes, reducing reliance on commercial UK banknotes in daily circulation, a process that would culminate in the following years.

Economically, the system served Jersey well, supporting its growing finance sector and tourism industry. There was no currency crisis or devaluation; the peg to sterling provided monetary stability and certainty for business. The primary "currency situation" was therefore one of managed evolution, ensuring that the island's monetary arrangements continued to reflect its political autonomy as a Crown Dependency while maintaining the crucial economic link to the United Kingdom.