Currencies What is the name of the British currency


 Sterling pound

The official currency in circulation, and used in Britain is the currency of the pound sterling (in English: The pound sterling), and is symbolized by the symbol (£), also known as (GBP), which is an abbreviation of the phrase (Great Britain Pound), and one pound is made up of a hundred parts A smaller subcategory of cash is called the pence, known for its acronym (p). As for the task of designing and printing the currency denominations of the pound sterling currency, it is entrusted to the Bank of England, which represents 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 a value of 0.7640 of the pound sterling, according to the exchange rates for the year two thousand and nineteen. [2]


Currency denominations of the British pound sterling

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


Paper coins

It is found in the following categories: [3]


Category (5) pounds sterling: It tends to two colors: blue and green, within the dimensions (125x65) mm.

Category (10) pounds sterling: It tends to two colors: brown and orange, within the dimensions (132 x 69) mm.

Category (20) pounds sterling: It tends to purple, and that is within the dimensions (149 x 80) mm.

Category (50) pounds sterling: It tends to be red, and that is within the dimensions (156 x 85) mm.

Coins

It is found in the following categories: [1]


Class (1) penny.

Class (2) pence.

Class (5) pennies.

Class (10) pence.

Class of (20) pence.

Class (50) pence.

Category (1) sterling.

Category (2) sterling.

History of the currency of the British pound

The currency of the pound sterling was previously the currency in circulation, and was 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 England and Scotland were united; To form a single state in the United Kingdom, and since that time the sterling pound, or the British pound, has been adopted as the official currency in the United Kingdom, representing the oldest currency in the world, which is still used as a legal tender until today. Despite the adoption of the euro as a currency in circulation in most of the member states of the European Union, the United Kingdom still maintains the pound sterling as its official currency. [4]


References

^ Ab Ritu Kohli (1-8-2017), “What Is the Currency of the United Kingdom?”, Www.worldatlas.com, Retrieved 1-6-2019. Edited.

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