Great Britain Pound is the name of the national currency and monetary unit of the United Kingdom. Although the United Kingdom is a member of the European Union, it has not yet joined the euro area , so it still uses the British pound. Sterling is mainly issued by the Bank of England, but there are other institutions. The symbol most commonly used to represent the pound is £;£. The ISO 4217 currency code taken by the International Organization for Standardization for the British Pound is GBP (Great Britain Pound).
The current pound is also called “pound”, one pound is equal to 100 new pence (New Pence). Coins are divided into half penny (halfpenny, ceased to circulate in 1985), 1 pence, 2 pence, 5 pence, 10 pence, 20 pence, one crown (25 pence, ceased to circulate in 1990), 50 pence, 1 pound, 2 £5, £5 (called the krona after 1990). All coins have a portrait of the British monarch on the obverse. In addition to the minted value on the reverse, coins minted in different administrative regions have different patterns. However, regardless of which administrative region the coin was minted in, it is common throughout the country. British banknotes are divided into 1 pound (out of circulation in 1988), 5 pounds, 10 pounds, 20 pounds and 50 pounds. There are different portraits of British celebrities.