GBP - that of currency?

Each state has its brief representation of currencies.In Russia it is RUB, in America USD, in Europe - EUR.I'm sure many have heard the acronym currency - GBP.What kind of currency has the cut, which country it belongs to, and what is its market rate today?In this article, we will examine this interesting question in detail.And also learn a bit about the history of the origin and little-known facts about the GBP.Currencies which country, or rather the countries lies below it and why is it called?Let's deal!

GBP: whose currency?

this abbreviation is deciphered as the Great Britain Pound.Hence it is easy to understand that this currency is the national currency of the United Kingdom.More familiar to us the name - "Sterling" or the pound sterling.Often you can also hear cuts like "pound" or "British pound".So, we found the main question about GBP - that of currency and what belongs to the state.It turned out that it acts on the territory of the whole kingdom - Great Britain.This means that the GBP is

drawn not only in England but also in other countries of the United Kingdom - in Wales, Scotland and Northern Ireland.In these areas it is the official currency.

But that's not all that can be said about GBP.What is a parallel currency in the lands of Jersey, Guernsey and the Isle of Man, owned by the Kingdom of Great Britain?That's right, the pound sterling.GBP legal tender acts and the Falkland Islands, St. Helena, Gibraltar, Tristan da Cunha and Ascension.Thus, the area "covered by" the British pound, significantly expands.And what is its origin and why it is "pound" - a term known as the unit of measurement of weight?Now we find out.

Provenance GBP

As it happens, there are several versions of the customary appearance today, the name "pound".Consider the most credible and popular ones.

version first

fairly widespread theory Walter Pinchebeka.It reads as follows: initially the UK currency was called Easterling Silver, which can be deciphered as "silver from east / eastern lands."Its alloy 925 was used in northern Germany for the production of coins.But why England?

The fact that the British called this area Easterling (5 cities in the 11th century included the Hanseatic League), and led to her active trade.Naturally, we are paying for the goods sold by these coins.In 1158 Henry II did Alloy 925 standard coin England.Gradually, the name used in everyday speech, reduced to a Sterling Silver and Sterling.Since 1964 it finally was assigned to the national monetary unit of England, and the Bank began issuing banknotes of the same name.

second version

There is another version of the origin of the GBP.What kind of currency has become her "father", according to another theory?According to some sources, in ancient Britain used silver coins that are in the amount of 240 pieces weighed exactly 1 pound tower (it's about 350 grams).On the basis of this criterion was checked full weight of coins and their authenticity / degree of wear.If this amount of silver weighed less than one pound, they are recognized as false.From this came the expression, which later became widespread - "a pound of pure silver" or "pound" ("Sterling" from Old English - "silver").

in modern Britain is most often used abbreviated name - pound, which translates as "pound".In official documents written full name - "Pound," in exchange for the trading currency of the UK with the word "sterling".

Issue and GBP

national currency of the UK is available not only in England but also in other countries of the Kingdom.Notes denominated in sterling, are entitled to issue and Bank of Scotland and Northern Ireland.At the same time they are involved in commodity-money turnover throughout the UK.For example, the Scottish pound sterling can be accepted as payment in England and the Irish - in Scotland, and so on. D.

However, this does not mean that they are legal tender even within the issuing country.In the strict sense are considered to be legal tender only banknotes issued by the Bank of England (in England and Wales), due to which, in practice, there are cases of refusal to accept Scottish or Irish pounds.

interesting fact is that the overseas territories of Britain and its crown lands also produce their own banknotes in money units, which are equal to the pound sterling and have similar names (Gibraltar, Manx, The Jersey Pound and so on. D.).

GBP and other currencies of

British Pound - one of the most expensive currency in the world currency market.On April 30, 2014, an English pound was worth 60 rubles 12 kopecks.During the year the cost has increased by more than ten rubles (which is quite a significant change).Average rate GBP purchase in exchange offices was 59 rubles 22 kopecks, sale - 61 rubles 41 kopecks.

Currency traders as well as those who are selling / buying dollars per pound sterling (and vice versa), will be interesting as currencies GBP / USD.April 30, the ratio of the CBR was 1.68.Against the dollar the British pound also rose substantially during the year.In April 2013th rate was approximately 1 to 1.55.And what is the situation with the pair GBP / EUR?At the moment, the course "sterling / euro" is about 1.22.A year ago, the ratio was lower - at the level of 1.19, and in the last month amounted to 1.20 euro for one British pound.

Thus, in recent years we can talk about a clear and constant trend of growth and the strengthening of the British pound against the currencies of other countries, particularly the US dollar, euro and ruble.

Conclusion In this article, we learned a lot of interesting and useful information on the GBP: that of currency and which countries belong to, what is the history of its origin and what are the current rules of its production / turnover.In addition, we addressed some of the most interesting for us in GBP on the world market and to compare current values ​​to those that took place a year ago.We hope this information is new for you and allowed to expand their knowledge about the British pound.