As of December 5, 2019, 1 pound = 9.2483 yuan.

The pound sterling is the name of the British national currency and monetary unit. The pound is mainly issued by the Bank of England, but there are other issuing institutions. The symbol most commonly used to represent the pound sterling is.

The ISO 4217 currency code for the British pound adopted by the International Organization for Standardization is GBP (Great Britain Pound). In addition to the United Kingdom, the currency of the British overseas territories is also based on pounds, and the exchange rate with pounds is fixed at 1:1.

Because the United Kingdom was the first country to industrialize in the world and once dominated the international financial industry, the pound was once the most widely used currency for pricing and settlement in international settlement business.

Extended information

The British pound is the legal tender of the United Kingdom. Its issuing institution is the Bank of England, with banknotes of 1, 5, 10, 20, and 50 denominations, as well as 0.5, 1, 2, 5, 10, 20, 50 pence and 1 pound coins. The main and secondary currency systems are: 1 pound = 100 pence (1Pound = 100Pence). Its ISO currency symbol is GBP. ?

Before the establishment of the Bank of England, the British banking industry was limited to London goldsmiths for deposit business and issued handwritten receipts to customers, called "goldsmith certificates". It can be regarded as the earliest bank in circulation in the British market. Vouchers.

In 1694, the Bank of England was established and decided to issue "circulating cash promissory notes", which were issued based on the total deposits and could be paid to depositors or holders and allowed to circulate. This was the predecessor of the British pound.

Most of the banknotes issued by the Bank of England after 1725 were printed, and the denominations began to be fixed. The earliest were 20 pound notes, 10 and 15 pound notes were issued in 1759, and 25 pound notes were issued in 1765. In 1793, 5 pound notes were issued, and in 1791, 1 and 2 pound notes were issued. The unit denominations are all pounds.

Baidu Encyclopedia - British Pound