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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. The Bank of England has a legal monopoly of banknote issuance in England and Wales.
When you tilt the note from side to side, the words change between the value of the note and ‘Pounds’. A 3D image of the coronation crown appears above the main see-through window. On the back of the notes, directly behind the silver crown on the front, there is a metallic, foil patch.
The pound sterling is the official currency in the United Kingdom. The Bank of England is the UK's central bank. It issues the UK's banknotes. Coins are manufactured and issued by the Royal Mint.
Banknotes were originally hand-written; although they were partially printed from 1725 onwards, cashiers still had to sign each note and make them payable to someone. Notes were fully printed from 1855. Since 1970, the Bank of England's notes have featured portraits of British historical figures.
Since decimalisation on " Decimal Day ", 15 February 1971, the pound has been divided into 100 pence. Originally the term "new pence" was used; the word "new" was dropped from the coinage in 1983. The old shilling equated to five (new) pence, and, for example, £2 10s 6d became £2.52 2.
Sep 22, 2020 · The issuing of fixed denomination notes first started in the 18th century. Notes were printed with the pound sign and the first digit included, but any following digits were then added by hand!
Jun 28, 2021 · The new polymer £50 has now entered circulation, featuring an image of computer pioneer Alan Turing along with a number of groundbreaking security features. This means every denomination of banknote now exists in plastic form, although paper £20s and £50s will still be accepted in shops until October 2022.
