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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.
In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights.
The Bank of England £20 note is a sterling banknote. It is the second-highest denomination of banknote currently issued by the Bank of England. The current polymer note, first issued on 20 February 2020, bears the image of Queen Elizabeth II on the obverse and the image of painter J. M. W. Turner on the reverse.
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 ( Manx: Punt Manninagh; abbreviation: IMP; sign: £) is the currency of the Isle of Man, at parity with sterling. [1] The Manx pound is divided into 100 pence. Notes and coins, denominated in pounds and pence, are issued by the Isle of Man Government .
British coins are minted by the Royal Mint in Llantrisant, Wales. The Royal Mint also commissions the coins' designs. In addition to the circulating coinage, the UK also mints commemorative decimal coins ( crowns) in the denomination of five pounds.
The Bank of England 10 shilling note (notation: 10/– ), colloquially known as the 10 bob note, was a sterling banknote. Ten shillings in £sd (written 10s or 10/–) was half of one pound. The ten-shilling note was the smallest denomination note ever issued by the Bank of England.
Bank of England notes are not legal tender in Scotland and Northern Ireland, but are always accepted by traders. The Bank of England now issues notes, all in polymer, in four denominations – £5, £10, £20 and £50.
Countries where a unit of the national currency is "pound" (dark blue) or "lira" (light blue). Pound is the name of various units of currency. It is used in some countries today and previously was used in many others.
The British shilling, abbreviated "1s" or "1/-", was a unit of currency and a denomination of sterling coinage worth 1 ⁄ 20 of one pound, or twelve pence. It was first minted in the reign of Henry VII as the testoon, and became known as the shilling, from the Old English scilling, sometime in the mid-16th century. It circulated until 1990.