The pound is the main currency. Penny and shilling are tokens.

2. Face value size:

The pound is greater than shilling and penny.

3. Transition status:

Now 1 = 100 new pence, while the shilling was abolished during the British currency reform in 197 1.

Extended data:

1, GBP circulation area:

(1) The pound is the official currency. After the adoption of the euro, the pound became the oldest currency still in use. China ranks third in the world's foreign exchange reserves, second only to the US dollar and the euro.

(2) The pound is the fourth largest foreign exchange trading currency after the dollar, euro and yen. Although there is no fixed exchange rate between the pound and the euro, there is often a long-term synchronous trend between the pound and the euro, although this trend has weakened since mid-2006.

(3) Concerns about inflation led the Bank of England to adjust interest rates from the second half of 2006 to the beginning of 2007, and the price of the pound against the euro reached the highest level since June 2003, 65438+ 10.

(4) It is estimated that the annual interest rate will still rise in 2007. On April 18, 2007, the pound hit a 26-year high against the US dollar, breaking through the level of US$ 2 for the first time since June 1992.

(5) Because of the national symbolic significance of the pound, the idea of replacing the pound with the euro has been disputed by some British public departments.

(6) The Scottish Conservative Party claims that the adoption of the euro means the end of local characteristic banknotes, because the European Central Bank does not allow member countries or lower-level governments to design banknotes.

(7) The Scottish Nationalist Party does not agree to adopt the European single currency, because it believes that an independent Scotland should have its own characteristic currency, and its party policy includes entering the single currency system.

(8) The pound can be bought and sold in foreign exchange markets around the world against other currencies, and its value fluctuates relative to other currencies. Historically, the pound has always been the most valuable basic foreign exchange variety.

2. Pound Issuer:

(1) Wales, England:

According to the banking regulation of 1844, the Bank of England has the exclusive right to issue banknotes in England and Wales.

② Scotland:

Bank of Scotland, Royal Bank of Scotland, Cresdale Bank.

(3) Northern Ireland

Bank of Ireland, First Trust Bank, Danske Bank, Ulster Bank.

④ British Crown Dependencies:

Guernsey government, Jersey government, Isle of Man government.

Baidu Encyclopedia-GBP

Baidu encyclopedia-penny

Baidu encyclopedia-shilling