GBP - British Pound



GIP , Falkland Islands code: Early Currency in Britain With its origins dating back to the year , the Pound Sterling was first introduced as the silver penny, which spread across the Anglo-Saxon kingdoms. Inflation caused the farthing to cease production in and be demonetised in Pfund in Qatari Riyal. Gold coins included the half-crown, crown, angel, half-sovereign and sovereign.

Umrechnungkurs PFUND GBP - STERLING


As the fourth most traded currency, the British Pound is the third most held reserve currency in the world. Importance of the British Pound The British Pound is the oldest currency still in use today, as well as one of the most commonly converted currencies.

Early Currency in Britain With its origins dating back to the year , the Pound Sterling was first introduced as the silver penny, which spread across the Anglo-Saxon kingdoms. In , the design was changed and rather than pure silver the new coins were struck from Silver pennies were the sole coinage used in England until the shilling was introduced in and the pound, two years later, in British Pound Notes and the Gold Standard The first paper notes were introduced in , with their legal basis being switched from silver to gold.

The Bank of England, one of the first central banks in the world, was established a year later, in All Sterling notes were handwritten until , when the bank began to print whole notes. In the early 20th century, more countries began to tie their currencies to gold. A gold standard was created, which allowed conversion between different countries' currencies and revolutionized trading and the international economy. Great Britain officially adopted the gold standard in , though it had been using the system since The strength of the Sterling that came with the gold standard led to a period of major economic growth in Britain until The countries that used the Pound became to be known as the Sterling Area and the Pound grew to be globally popular, held as a reserve currency in many central banks.

Manx pound, Guernsey pound and Jersey pound are not separate currencies but issues of coins and banknotes denominated in Pound sterling GBP. Both Guernsey pound and Jersey pound circulate freely in the UK and may be accepted in some places. Manx pound is not generally accepted in the UK. British Overseas Territories are under the jurisdiction of Britain.

They are the parts from old British Empire. Some British overseas territories produce their separate pounds which are pegged at parity to the Pound Sterling. These pounds are Gibraltar pound currency code: GIP , Falkland Islands code: FKP and Saint Helena pound code: The sterling pound is regarded one of hard currencies and the third most held reserve currency in global reserves. After The United States dollar, the euro and the Japanese yen, the sterling pound is the fourth most traded currency in the foreign exchange market.

Pound sterling is subdivided into pence singular: Britain converted to decimal currency on February 15th, Currently, the oldest circulating coins in the U. Skip to main content. Startseite Währung Charts Widgets. Banknoten werden selten verwendet: Pound Sterling, Sterling, Quid, Nicker 2.

Currency of 14 British overseas territories: