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Sterling is the world's oldest currency in continuous use since its inception. 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.
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.
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.
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 currency's symbol is ' £ ', a stylised form of the blackletter 'L' (from libra), crossed to indicate abbreviation. The term was adopted in England from the weight of silver used to make 240 pennies, and eventually spread to British colonies all over the world.
A variety of currencies are tender in the United Kingdom, its overseas territories and crown dependencies. This list covers all of those currently in circulation. Issued under a licence of the Bank of England to four retail banks : Bank of Ireland, First Trust Bank, Danske Bank (formerly Northern Bank) and Ulster Bank.
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.
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.
The Purple Heart (PH) is a United States military decoration awarded in the name of the president to those wounded or killed while serving, on or after 5 April 1917, with the U.S. military.
The pound sign (£) is the symbol for the pound unit of sterling – the currency of the United Kingdom and its associated Crown Dependencies and British Overseas Territories and previously of Great Britain and of the Kingdom of England. The same symbol is used for other currencies called pound, such as the Egyptian and Syrian pounds.
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