The main features of sterling banknotes can be briefly summarized as follows:
Currency name: British Pound (POUND, STERLING)
Issuer: Bank of England (BANK OF ENGLAND)
Currency symbol::GBP
Coin carry: 1 pound = 100 pence (PENCE)
Banknote denominations: 5, 10, 20, 50 pounds
Since the United Kingdom was the first country in the world to implement industrialization, it once dominated the international financial industry, and the British pound was the most widely used currency for pricing and settlement in international settlement business. After World War I and World War II, the British economic status continued to decline, but due to historical reasons, the British financial industry is still very developed, and the pound still occupies a considerable position in the settlement of foreign exchange transactions.