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What currency is a pound?

The pound (sign: £) is the main unit of sterling, [c] and the word pound is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception.

What is a pound coin called?

A pound coin originally weighed one troy pound of sterling silver, giving the currency the name "pound sterling". "Sterling silver" means mixed metal that has 92.5% or more real silver. One pound sterling was originally divided by 240 sterling pence. This was because there are 240 pennyweights in a troy pound.

What currencies are pegged to the British pound?

Currencies pegged to the British pound include the Falkland Islands pound, Gibraltar pound, Saint Helena pound, Jersey pound (JEP), Guernsey pound (GGP), Manx pound, Scotland notes, and Northern Ireland notes. The GBP, or British pound sterling, is the oldest active legal tender in the world.

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