evidence: - Gibraltar is a British Overseas Territory which means it is under the jurisdiction of the United Kingdom but is not technically a part of it. (There are 14 British Overseas Territories in the world including Bermuda and the Falkland Islands.) [...] - The official currency of Gibraltar is the pound and you can spend notes and coins from the UK in the territory – but you can’t use the locally-produced notes or coins back in the UK. - Gibraltar has its own political system that makes many decisions within the territory but issues like defence and foreign affairs are determined by the UK Government in London.