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These terms and divisions of currency were in use from the 7th century. The value of some coins fluctuated, particularly in the reigns of James I and Charles I. The value of a guinea fluctuated between 20 and 30 shillings before being fixed at 21 shillings in December 1717.
The pound sterling (symbol: £; ISO 4217 currency code: GBP) is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, British Antarctic Territory, South Georgia and the South Sandwich Islands, and Tristan da Cunha.
6 dni temu · pound sterling, the basic monetary unit of Great Britain, divided (since 1971) decimally into 100 new pence. The term is derived from the fact that, about 775, silvercoins known as “sterlings” were issued in the Saxonkingdoms, 240 of them being minted from a poundof silver, the weight of which was probably about equal to the later troy pound.
A £1 coin was introduced in 1983, and Bank of England £1 notes were withdrawn in 1988. Scottish and Northern Irish banks followed, with only the Royal Bank of Scotland continuing to issue this denomination.
The pound sterling is the official currency in the United Kingdom. The Bank of England is the UK's central bank. It issues the UK's banknotes. Coins are manufactured and issued by the Royal Mint.
There are four denominations (values) of Bank of England notes in circulation: £5, £10, £20 and £50. They all feature either the portrait of King Charles III or of Her late Majesty, Queen Elizabeth II. Click on the images below to find out how to check the features on each of our notes: £5. The current £5 note features Sir Winston Churchill. £10.
The pre-decimal currency system consisted of a pound of 20 shillings or 240 pence, though at first there were no coins corresponding in value to the shilling or the pound. Below you can see a breakdown of the British coinage system prior to decimalisation. Download pdf (4.2mb)
