British Pound is the monetary unit of 100 pence.The symbol of the selected letter "£" (from the Latin word "libra").The international bank code - GBP.
British pound - one of the world's oldest currency.The first mention of it is celebrated on the British territory with one thousand and sixty-six.In 1158, King Henry appointed sterling as its currency.
Pound it became known in the second half of the XII century, in honor of that measure.The name "sterling" came from the Old English "stiere", which literally translates as "star".Indeed, on the first coins were depicted characters that resemble stars.Since 1964, we began to produce British pounds in banknotes.
Today banks of different areas of Great Britain to issue paper money from its design to be adopted throughout the country.But in reality, often this condition is not triggered.
UK is not moved to the general European currency means the euro, leaving the traditional for our country.British pound - one of the most valuable currencies.Today there are
ratings of 50, 20, 10, and 5 lbs.On one side of the banknote depicts the British Queen Elizabeth II, on the other - different prominent figures of the country.In the English language to refer to the national currency using the word "pound" in official documents also use the full name so as not to confuse it with the same currency of other countries.
first paper banknotes became Britain receipts, which gave the people of the moneychangers surrendered the deposit of gold.It was more convenient than ever to carry in your pocket metal products.Thus, gold has become an alternative to paper money.
jewelers Soon it was noticed that some citizens came back to return the deposited valuables.Then they decided to increase the amount of the issue of paper money, so having custody precious metals, they thought no one would notice their deceit.It was the beginning of the first banking operations.Moneychangers gave loans to people, and for the use of them take a certain percentage.At the same time issued loans were significantly higher than the amount of assets that were put on deposit.This deception did not last long.In 1100 Henry I deprived bankers right to create paper money, and he has developed a monetary system that existed 726 years.The gist of it was the introduction of polished wooden reechek notched on one side as a monetary unit.These sticks are cleaved along the so notch remained two halves and put into circulation.And one part of the King kept as proof of authenticity.
history of coins in one British pound begins not since 1983, when it was first released the data in nominal value.It happened much earlier.The first coin in one British pound was minted back in 1489.On the one hand it was depicted on Henry VII, seated on a throne, with another - a rose with the state coat of arms.It has become the most reliable global monetary unit, such remains to this day.The name finally was assigned to the unit of currency since the release of Bank of England banknotes.
