Currency Exchange International: 5 Currency Facts You Probably Didn’t Know About The British Pound

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Are you planning a trip across the pond to England? You can stay in a hotel, enjoy delicious cookies and tea, or take tours. So make sure, before you go, to familiarize yourself with the British Pound! Don’t forget to also check how much currency you need to go on vacation to London, England.


How much is a pound sterling?

The pound sterling was historically equivalent to the value of a pound of silver, which is why it is sometimes referred to as “pound sterling”. Today, the British pound is considered one of the strong currencies in the world and is the fourth most traded currency in the world.


How did the pound sterling get its name?

The name of the pound sterling can trace its origins back to Roman times. The name derives from the Latin word Libra, which means weight or balance (balance). More fully, the words Libra Pondo meant pound weight. Libra may have been left out in the denomination, but remains in the recognizable L symbol of the pound sterling (as well as the shorthand for the unit of mass pound (lb)). Of course, weight and currency were related in Roman times, as prices were generally equated with the weight of currency (say a pound of silver).


What are pounds made of?

The pound sterling is printed on polymer. This is to improve the security features, which makes it more difficult to counterfeit paper banknotes, and polymer fibers allow banknotes to last much longer than paper banknotes.


What is the symbol of the pound sterling?

As we mentioned above, the recognized symbol of the pound sterling is ‘£,’ which comes from the uppercase Latin letter THE (for Libra). However, not all currencies named the pound use this symbol, such as the Lebanese pound and the Egyptian pound. The origin of the stylized version of the L is less certain.



How old is the pound sterling?

The pound sterling is the oldest independent currency still in existence, dating back to 1200 years ago. It is now the official currency of United Kingdom, Jersey, Guernsey, Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands, British Antarctic Territory and Tristan da Cunha.

Don’t forget to order your Pounds Sterling from your local CXI branch by visiting us at order.ceifx.com.


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International Currency Exchange Corp. published this content on July 28, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on July 28, 2021 09:56:04 PM UTC.


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