What is the maximum denomination of the British pound ?
The British pound has a face value of 1 million pounds, which is the largest denomination of banknotes issued in the UK to date. According to the British “Daily Telegraph” report, this green banknote is nearly 20 cm wide. It was issued by the British Treasury on August 30, 1948. It is no longer available for circulation and has only collection value.
There is a signature in the lower right corner of this banknote. The signature is punched to indicate that it is invalid. The invalidation seal is marked with the words “October 6, 1948, Bank of England”. The issuance of this giant note coincided with the introduction of the “Marshall Plan” by the United States after World War II to aid the economic recovery of Western Europe. A total of 9 of these banknotes were issued at the time, 2 of which are still in existence, and the other 7 were damaged.
The largest denomination of the pound in circulation today is the £50 note. In England, the maximum denomination is £50, but in Scotland it is £100, in different versions but circulated across the country.