Sterling pound

The official currency in circulation, and used in Britain is the pound sterling, and is symbolized by the symbol (£), also known as (GBP), which is an abbreviation of the phrase (Great Britain), and one pound is made up of one hundred parts A smaller sub-category of money called the pence, known for short (p), and the task of designing and printing the currency denominations of the pound sterling is entrusted to the Bank of England, which is the central bank of the United Kingdom,[1]

Looking at the price of the British currency against the dollar, one US dollar is equivalent to 0.7640 British pounds, according to the exchange rates for the year two thousand and nineteen.[2]

Sterling currency denominations

The pound sterling was issued in several denominations, as follows:

banknotes

They are found in the following categories:[3]

  • The category of (5) pounds sterling: it tends to the two colors: blue and green, within the dimensions (125 x 65) mm.
  • The category of (10) pounds sterling: It tends to the two colors: brown and orange, within the dimensions (132 x 69) mm.
  • The category of (20) pounds sterling: It tends to the color purple, within the dimensions (149 x 80) mm.
  • The category (50) pounds sterling: It tends to the red color, within the dimensions (156 x 85) mm.

coins

They are found in the following categories:[1]

  • Class (1) pence.
  • Class (2) pence.
  • Class (5) pennies.
  • Class (10) pennies.
  • Class (20) pence.
  • Category (50) pence.
  • 1 denomination of British Pounds.
  • Denomination of two pounds sterling.

The history of the currency of the pound sterling

The currency of the pound sterling previously represented the currency in circulation, and used in the colonies of the British Empire, such as: Canada, Australia, and New Zealand, and in the year one thousand seven hundred and seven united England and Scotland; To form a single state in the United Kingdom, and since that time the pound sterling or the British pound has been adopted as the official currency in the United Kingdom, and thus represented the oldest currency in the world, which is still used as a legal tender today. Despite the adoption of the euro as a currency in most member countries of the European Union, the United Kingdom still maintains the pound sterling as its official currency.[4]

the reviewer

  1. ^ AB Ritu Kohli (1-8-2017), “What is the currency of the United Kingdom?”, www.worldatlas.com, Retrieved 1-6-2019. Edited.
  2. ↑ “Current Rates”, fiscal.treasury.gov, 5-15-2019, Retrieved 1-6-2019. Edited.
  3. ↑ “Current banknotes”, www.bankofengland.co.uk, 21-3-2019, Retrieved 1-6-2019. Edited.
  4. ↑ Will Kenton (3-4-2019), “GBP”, www.investopedia.com, Retrieved 1-6-2019. Edited.

What is the name of the British currency?

writing – on the date : – Last updated: 2022-06-18 01:18:02