Sterling is mainly issued by the Bank of England, but there are also other issuers. What is the most commonly used symbol for the pound? . The currency code of ISO 42 17 adopted by the International Organization for Standardization is the pound. In addition to Britain, the currencies of British overseas territories are also denominated in British pounds, and the exchange rate with British pounds is fixed at 1: 1.
As Britain is the earliest industrialized country in the world and once dominated the international financial industry, the pound was once the most widely used currency in international settlement business. After World War I and World War II, Britain's economic status has been declining, but due to historical reasons, Britain's financial industry is still very developed, and the pound still occupies a very high position in the settlement of foreign exchange transactions. The pound is printed with donation figures and royalties.
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 were shillings and pennies, 1 pound was equal to 20 shillings, 1 shilling was equal to 1 2p, 197 1 February 15. The Bank of England adopted a new currency rounding system, and the unit of secondary currency was changed to new pence. The denominations of banknotes in circulation are 5 10, 20 and 50, and the denominations of coins are 1, 2, 5, 10, 20 and 50 new pence and 1.