That the name of the English currency appeared. Pound sterling notes
Initially, the pound sterling in Great Britain was equal to one troy pound from, hence its name, because the English word "sterling" in relation to the metal means "pure, of the established standard." The pound sterling is the only national currency used in the United Kingdom of Great Britain and Northern Ireland and the British territories: Isle of Man, Jersey and Guernsey. The symbol for this currency is the £ sign.
The design of pound sterling banknotes differs depending on the region where they are printed. The British themselves cannot always recognize the currency of their country and take it for a foreign one.
Banknotes
In England, pounds sterling is represented in circulation in the form of banknotes in denominations of 5, 10, 20 and 50 pounds. All banknotes have an image of a queen on one side and a famous historical person on the other. Queen Elizabeth II is the only monarch whose porter was featured on the banknote. This first happened in 1960 with the aim of reducing counterfeit money in the country. As for the reverse side of the paper pound, the five-pound note features a portrait of Elizabeth Fry, who fought to improve conditions for women in European prisons. The ten-pound note depicts Charles Darwin, a Victorian naturalist and author of the theory of evolution. The twenty-pound note depicted the British composer Sir Edward Elgar until 2007, when a new design was issued, bearing the porter of Adam Smith, one of the founding fathers of modern economics. The fifty pound note bears the image of Sir John Hublon, the first Governor of the Bank of England.
The British have come up with slang nicknames for their currency. For example, words like "fiver" - "five" - for five pounds and "tenner" - "ten" for ten pounds are used. The pound is also called "cable" or "quid".
Coins
Since 1971, the decimal system has been in effect in England, that is, one pound is now equal to one hundred pence (in a unit called "penny"). The accepted designation for the penny is the English letter "p". In circulation in England, coins are in denominations of 1, 2, 5, 10, 20 pence and 1, 2 pounds. All coins also bear a portrait of Queen Elizabeth II, and the letters "D.G.REG.F.D." are engraved along the edge of the coin. Tourists often wonder what phrase is hidden in this abbreviation. In fact, these letters denote a Latin saying - "Dei Gratia Regina Fidei Defensor", which translates as "By God's grace, Queen Protector of Faith." The reverse side of the 1 penny coin depicts the downward grating of Westminster Abbey, on 2 pence - the coat of arms of the Prince of Wales (decorated with feathers), on 5 pence - a thistle, the symbol of Scotland, on 10 pence - a lion, a symbol of the power of Britain, with the crown of the British monarchy on the head, on 20 pence - the national England - the Tudor rose, and on 50 pence - the lion and the symbol of the British Isles. As for the coins in denominations of 1 and 2 pounds, the first of them has various images reflecting the symbols of the countries of the United Kingdom. They are lions for England, thistles for Scotland and leeks for Wales. The 2 pound coin depicts an abstraction depicting the country's technological development, and along the edge is engraved with a phrase belonging to Sir Isaac Newton: "Standing on the shoulders of giants."
/ UK currency
UK currency
The monetary unit of Great Britain is Pound Sterling (GBP). 1 Pound sterling is equal to 100 pence. There are 5, 10, 20, 50 pound notes in circulation; coins in 1, 2, 5, 10, 20, 50 pence, 1 and 2 pounds. Coins of 25 pence and 5 pounds are rare. Often in everyday life, especially in the provinces, the names of old British coins are used - "guinea", "shilling", "penny", but the real payment system is still the pound.
The monetary unit of Scotland is the pound, equal to 100 pence. Scottish banks have historically been allowed to print their own money, which in the UK officially has the same value as British banks, although it is not convertible. Banks in the UK can exchange them at their own discretion and rate, and outside the country, Scottish banknotes do not circulate. In circulation there are banknotes in denominations of 1, 5, 10, 20, 50 and 100 pounds of the original design.
The island of Guernsey has its own currency - the Alderney pound (Guernsey pound), equal to 100 pence. Its rate is also pegged to the pound sterling. In circulation there are banknotes in denominations of 1, 5, 10, 20 and 50 pounds, as well as coins of 1 and 2 pounds, 1, 2, 5, 10, 20 and 50 pence of the original design. The Guernsey currency does not have official circulation in the UK and is used, for the most part, only in the Channel Islands, although it is exchanged in many British banks.
You can change money at any branch of the bank (commission 0.5 - 1%), in the evening - in exchange offices of large department stores and in some travel agencies. At airports, exchange offices work around the clock. A passport is required to exchange cash.
Also, credit cards and travelers checks of the world's leading payment systems are used. ATMs are very widespread, but very unreliable - cases of erroneous blocking of credit cards are quite frequent, and the operation of unblocking an account is quite lengthy, therefore, it is recommended to avoid using ATMs.
Pound sterling exchange rate
Pound sterling (GBP) / United States dollar (USD)
1 USD = 0.72 GBP
100 GBP = 139.78 USD
Pound Sterling (GBP) / Euro (EUR)
1 EUR = 0.88 GBP
100 GBP = 113.66 EUR
In the UK, you can claim a VAT refund (for most goods it is 20% and is included in the selling price) if in the last two years you have been in the EU for no more than 365 days. Including the commission, the refund is 14.89%. The minimum purchase volume required for VAT refunds is not legally established, but stores usually set a minimum of 30 to 100 pounds. The goods must be exported from the country within 90 days from the date of purchase, and the check must have a customs stamp affixed when leaving the EU. Compensation is usually issued in the form of a check or transferred to an account. Cash withdrawals are available at VAT refund points at airports.
Modern money in Great Britain
Old money in the UK 1990-1998
GBP(sign: £; code: GBR) is the currency of the United Kingdom of Great Britain and Northern Ireland. One pound sterling is equivalent to 100 pennies.
Territory of circulation of the Pound Sterling:
United Kingdom of Great Britain and Northern Ireland (including England, Scotland, Wales and Northern Ireland), Isle of Man as the national currency; as a parallel currency, the crown lands of Guernsey, Jersey and Saint Helena, Ascension and Tristan da Cunha; as legal tender in the British Overseas Territories: Falkland Islands, Gibraltar.
Pound sterling rates:
- The rate of the pound sterling (GBR) to the ruble (RUB) online now on the Forex exchange (Forex)
- Rates, quotes of the exchange of cash pounds sterling to the ruble in banks for today
History of the Pound Sterling.
The pound sterling is one of the oldest and also one of the most expensive and stable currencies in the world.
One of the versions of the origin of the name of the currency - the name "pound sterling" appeared in the XII century and originally meant literally "pound of pure silver", consisting of 240 silver coins, the total mass of which was equal to 1 pound. It was also convenient to use this measure as a way to check the weight of coins - if the weight of 240 silver coins was not equal to 1 pound, then the coins could be counterfeit.
The first sterling was minted in Britain since 1066. Almost a century later, in 1158, King Henry II designated sterling as the official currency of England.
In 1694, the Bank of England began issuing sterling paper banknotes.
In February 1971, the exchange portion of the pound was converted to the decimal system. In connection with this, bronze coins of 1/2, 1 and 2 pence were minted. In April 2008, the release of the new style coins began.
For some denominations of coins, there are established amounts within which they are legal tender and are accepted for payment:
Banks belonging to the Kingdom of the Territories (Scotland, Ulster, Wales) issue banknotes of pounds sterling with their own artistic and compositional design. By law, these banknotes must be accepted by all banks in the UK.
Great Britain is part of the European Union, but despite this, the country did not switch to a single European currency - the euro. One of the reasons is that the royal family owns shares in the Bank of England.
English. Pound sterling Half koruna coin ISO 4217 GBP… Wikipedia
GBP- the monetary unit of Great Britain, equal to 100 pence. * * * Pound sterling Pound sterling (English pound sterling from Latin pondus gravity, weight and English sterling silver coin), the monetary unit of Great Britain. Used from the second half 12 ... ... encyclopedic Dictionary
GBP Modern encyclopedia
GBP- (English pound sterling), the monetary unit of Great Britain (England from the 10th century, Scotland from 1707, Ireland from 1825 to 1927), equal to 100 pence. In circulation, the silver pound sterling in the 10th - 19th centuries, the gold pound sterling from the 14th century, banknotes in pounds ... ... Illustrated Encyclopedic Dictionary
GBP- otherwise a sovereign, an English gold coin, is equal to 20 shillings, or almost 10 rubles. with our money. A complete dictionary of foreign words that have come into use in the Russian language. Popov M., 1907. Pound of sterling or sovereign English. gold. coin = 20 ... ... Dictionary of foreign words of the Russian language
GBP- the monetary unit of Great Britain: England from the X century, Scotland from 1707, Ireland from 1825 to 1927. A pound contains 100 pence. In the X XIX centuries. the pound was circulated in the form of a silver coin, in the XIV century. in the form of a gold coin, since 1694 in the form of a banknote. See also:… … Financial vocabulary
GBP- British currency, consisting of 100 pence. Dictionary of business terms. Academic.ru. 2001 ... Business glossary
GBP- the monetary unit of Great Britain, equal to 100 pence ... Big Encyclopedic Dictionary
GBP- (English sterling is a sample of gold or silver that meets the standard) monetary unit of Great Britain (England from the 10th century, Scotland from 1707, Ireland from 1825 to 1927), circulating in the form of a silver coin from the 10th to the 19th centuries, gold from the XIV century; banknotes with ... ... Economic Dictionary
GBP- - the monetary unit of Great Britain, equal to 100 pence (since 1971). Until February 1, 1971, a monetary system existed in England more than a thousand years ago, under which the monetary system. was equal to 20 shillings and equal to 240 pence. When from the second half ... ... Economics from A to Z: Thematic guide
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Absolutely each country has its own characteristics and monetary currency is no big exception. This article will focus on the monetary currency that directly belongs to a wonderful country - England. And this symbol also has a name.
Usually, it is referred to as GBP or the British pound. From English, it sounds like this: pound sterling, pound, british pound ... In any case, this is precisely the unit that belongs to the monetary category and is the currency of the national direction of the South Caucasus (the United Kingdom of England, and also, Ireland, only the northern region). This includes Scotland, England, and Wales.
In addition, other crown lands of Gersey, Jersey and, of course, the Isle of Man can also be attributed here. The represented Currency of England is legal to manage accounts in the following regions: Falkand Islands, Gibraltar, Saint Helena Islands and so on.
Features of the monetary unit of England
Just one pound sterling can be divided by as much as one hundred pence. If we talk about the singular, it sounds like just a penny.
Symbols - £ (from Latin, like libra, analogous to one pound). Code ISO 4217 - GBP(from the English language Great British Pound. It also happens that the older designation - UKL is often used. But as for banknotes that are already in circulation, there are not so many of them: five, ten, twenty and even fifty pounds But this is older.
But the coins are valid as one, two, three and so on up to 50 pence and five pounds. By the way, do not be surprised that there are cases when banks with their own "zamarochki" issue currency of their own design.
The origin of the monetary unit of England
There is no version about the origin (history). There are so many of them that many are confused and do not know which one is more correct. In some creations, you can find information that the very name of the currency of England was formed in the 12th century. Originally, the name was translated as pound, referring to the purest silver. All this is interconnected mainly with the sterling, and this is translated as a very old coin from silver, which belongs to England.
Once upon a time, coins, in the amount of forty pieces, had a mass of one pound of Taer, which in turn was about 5420 grains, which is equal to 550 grams. Also, if we take one pound of the troy category, then it will be equal to about 374.25 grams. If larger purchases were made, then they were expressed, namely, in pounds sterling.
But this procedure was accompanied by other reasons. This is how the coins were checked to see if they are fully correct, applicable. If the weight of the item is not equal to one pound, then it or another item may be fake. And the fake is excellent
In 1956, and this was the very beginning, an offer was made to one of the universities in the United States of America. And from here we can already say that the very name “ sterling ”Began to be dated for years: 1300. But the origin itself is attributed to humanity. Did you know that the very name pound was organized when the name itself came. But remember that from the old Slavic language steorlnink.
Decimal coin system
The very first coins of this type appeared in 1900. These were the very first coins of this type. They just appeared in 1967. Initially, these coins were equivalent to five and ten pence. It was they who were in fairly regular circulation. And in 1992, when the material replaced a completely different material, quite a lot of all kinds of values changed. Even at that time, no one could have imagined that the presented monetary currency would have simply "wild" popularity and fame. All this is proved by the present times.
At the initial stage, when nothing was officially established yet, they did not even know what kind of metal would serve for the presented materials. As it was then thought that gold is too expensive, but a simple metal is not even very reliable. The dilemma was very different. But in the end, you can enjoy the wonderful British currency as it appears.
It should be noted that when you come to England, many are afraid that it will be difficult for them to get used to foreign currency.
However, this is not the case, everything is much simpler. The currency is very convenient, there are bargaining chips.
By the way. Regarding various goods, groceries and food, in the UK they are quite suitable for the local population and travelers who came here on an excursion. Thus, the currency in the UK is not that difficult, and it can be very easy to get used to it. Therefore, it is best to come here and enjoy at least a few days, especially everyone recommends London, here there really is something to see and do.