One gold pound is one British pound, but the British pound at that time (the United Kingdom was on the gold standard at the time, one pound contained 7.32 grams of gold, and today the price of gold is 433.59 yuan per gram, which means one pound is now worth more than 3,000 yuan). The gold standard was officially adopted in 1821, and the pound became the standard monetary unit of the United Kingdom. Each pound contains 7.32238 grams of pure gold. Pound is now the name of the British national currency and monetary unit.
Because the United Kingdom was the first country in the world to implement industrialization and once dominated the international financial industry, the pound was once the most widely used currency for pricing and settlement in international settlement business. After World War I and World War II, the British economic status continued to decline. However, due to historical reasons, the British financial industry was still very developed, and the pound still occupied a very high position in the settlement of foreign exchange transactions. Contributive figures and royalty are printed on the pound. It turns out that the real name of the pound is Pound (Punde before 1280) Sterling. The former is the unit of measurement, and the latter "Sterling" is 925 silver (925 parts of silver and 75 parts of gold in 1,000 parts). The proper noun of copper), the two words together mean that one pound is equal to one pound of silver with a purity of 9.25%. Accordingly, the pound is the translation of "gilding", and the British pound is the correct translation. The abbreviation of pound (pound), l (or lb), comes from the Latin libra (one pound), l plus the s of shilling (shilling, derived from the Roman monetary unit solidus) becomes £ (obviously a beautified version ). Before 1971, British currency was divided into a "three-tiered system" of pounds, shillings and pence. The pound symbol did not have a penny and was too complicated, so this copper coin, which represents the smallest monetary unit, was abandoned; the original word for pence is pence. The plural form of penny, its symbol d comes from the denarius, the smallest unit of currency in the Roman period.
The pound sterling is the standard currency unit of the United Kingdom and is issued by the Bank of England (Bank of England) founded in 1694. The unit of minor currency was originally shillings and pence, 1 pound was equal to 20 shillings, and 1 shilling was equal to 12 pence. On February 15, 1971, the Bank of England implemented a new currency rounding system, and the unit of minor currency was changed to new pence, and 1 pound was equal to 100 New pennies. The banknotes in circulation include 5, 10, 20 and 50 pound denominations, as well as 1, 2, 5, 10, 20 and 50 new pennies and 1 pound and 2 pound coins. The United Kingdom officially adopted the gold standard in 1821, and the pound became the standard monetary unit of the United Kingdom. Each pound contains 7.32238 grams of pure gold. When World War I broke out in 1914, Britain abolished the gold standard, gold coins stopped circulating, and Britain stopped exchanging gold.