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Pound Sterling

Pound sterling
Punt sterling  (Welsh)
Punt Sasanach  (Irish)
Punt Sostynagh  (Manx)
Louis stèrling  (Norman)
Poond sterlin  (Scots)
Punnd Sasannach  (Scottish Gaelic)
Peuns sterling  (Cornish)
British coinage reverse designs 2015.png
All frequently used coins. The coins shown are those after the extensive 2008 redesign.
ISO 4217
Code GBP
Number 826
Exponent 2
Denominations
Subunit
1100 Penny
Plural pounds
Penny pence
Symbol £
Penny p
Nickname quid, nicker
Banknotes
 Freq. used £5, £10, £20, £50
 Rarely used £1, £100 (Neither is legal tender in England/Wales)
Coins
 Freq. used 1p, 2p, 5p, 10p, 20p, 50p, £1, £2
 Rarely used 3p, 4p, 25p, £5, £20, £100, £500 (Silver Kilo), £1,000 (Gold Kilo)
Demographics
Official user(s)

 United Kingdom

 Guernsey (local issue: Guernsey pound)

 Isle of Man (local issue: Manx pound)

 Jersey (local issue: Jersey pound)
Unofficial user(s)  Zimbabwe
Issuance
Central bank Bank of England
 Website www.bankofengland.co.uk
Printer
 Website
Mint Royal Mint
 Website www.royalmint.com
Valuation
Inflation 0.10%, December 2016.
 Source [5]
 Method CPI
Pegged by Falkland Islands pound (at par)
Gibraltar pound (at par)
Saint Helena pound (at par)
Jersey pound (local issue)
Guernsey pound (local issue)
Manx pound (local issue)
ERM
 Since 8 October 1990
 Withdrawn 16 September 1992 (Black Wednesday)

 United Kingdom

 Guernsey (local issue: Guernsey pound)

 Isle of Man (local issue: Manx pound)

The pound sterling (symbol: £; ISO code: GBP [Great Britain Pound]), commonly known as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.


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Wikipedia

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