2. The British pound is the standard unit of currency in Britain, issued by the Bank of England and established in 1694. The original units of secondary currency are shillings and pennies, 1 pound is equal to 20 shillings, 1 shilling is equal to12p, 197 1 February, 15, and the Bank of England implements a new currency rounding system, and the secondary currency pound is equal to/. There are notes with denominations of 5. 10, 20 and 50 in circulation, 1.2.5. 10, 20 and 50 new pence and 1 coin. As Britain is the first industrialized country in the world and once dominated the international financial industry, the pound is the most widely used currency in international settlement business.
After World War I and World War II, Britain's economic status continued to decline, but due to historical reasons, Britain's financial industry is still very developed, and the pound still occupies a high position in the settlement of foreign exchange transactions. The pound is printed with special figures and royalties. /kloc-issuers of 0/0, 20 and 50 pounds, such as the Bank of England and Royal Bank of Scotland. Euro 100, RMB-RMB exchange rate 20, RMB-RMB exchange rate 20, exchange rate conversion and development history The pound is a standard monetary unit, which was established by the Bank of England in 65440.