Difference between revisions of "British currency"

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== See also ==
 
== See also ==

Revision as of 15:39, 30 May 2010

Unlike most of Europe, which has adopted the euro, the UK has retained its traditional currency - the Pound; its symbol is £.

Well, actually "traditional" is a relative term, as before D-Day (Decimalisation Day = 15th February 1971), things were bought and sold in "old money", that is, pounds, shillings and pennies. These are obviously references you still come across in literature from pre-1970.

The [new] pound is divided into 100 pence, singular: penny its symbol is p.

Prices of goods are e.g.: £5.20 or £5.20p or 97p

The penny is often referred to as "pee" i.e. £1.25p would be spoken as either: "One pound twenty-five pee" or merely: "one twenty-five"; £0.67p is "sixty-seven pee" or "sixty-seven pence".

Banknotes

Coinage specifications

Denomination Diameter Thickness Weight Composition Edge Introduced
One penny 20.32 mm 1.52 mm (bronze)
1.65 mm (copper-plated steel)
3.56 g Bronze (1971 – September 1992)
Copper-plated steel (September 1992 – present)
Smooth 1971
Two pence 25.9 mm 1.85 mm (bronze)
2.03 mm (copper-plated steel)
7.12 g Bronze (1971 – September 1992)
Copper-plated steel (September 1992 – present)
Smooth 1971
Five pence 18 mm 1.7 mm 3.25 g Cupronickel Milled 1990
Ten pence 24.5 mm 1.85 mm 6.5 g Cupronickel Milled 1992
Twenty pence 21.4 mm 1.7 mm 5 g Cupronickel Smooth, Reuleaux heptagon 1982
Fifty pence 27.3 mm 1.78 mm 8 g Cupronickel Smooth, Reuleaux heptagon 1997
One pound 22.5 mm 3.15 mm 9.5 g Nickel-brass Milled with variable inscription and/or decoration 1983
Two pounds 28.4 mm 2.5 mm 12 g Inner: Cupronickel
Outer: Nickel-brass
Milled with variable inscription and/or decoration 1997 (issued 1998)

Other coins (25p, £5) exist but are purely commemorative and not in general circulation.

Banknotes

There are several issuers of banknotes in the UK:

United Kingdom
England & Wales Scotland Northern Ireland
  • Bank of England (central bank)
  • Bank of Scotland (retail bank)
  • Royal Bank of Scotland (retail bank)
  • Clydesdale Bank (retail bank)
  • Bank of Ireland (retail bank)
  • First Trust Bank (retail bank
  • Northern Bank (retail bank)
  • Ulster Bank (retail bank)
Crown dependencies
The Isle of Man Bailiwick of Jersey Bailiwick of Guernsey
  • Isle of Man Government (government)
    (Manx pound)
  • States of Jersey (government)
    (Jersey pound)
  • States of Guernsey (government)
    (Guernsey pound)
British Overseas Territories
Gibraltar Saint Helena Falkland Islands
  • Government of Gibraltar (government)
    (Gibraltar pound)
  • Government of Saint Helena (government)
    (Saint Helena pound)
  • Government of the Falkland Islands government
    (Falkland Islands pound)


Denomination Width Height Weight Composition Edge Introduced

See also

External links