English national currency is not for nothingconsidered the most sustainable in the world. No other units are accepted in the country except pounds sterling. The article will consider the history of the emergence of this currency, its value at the present time and other possible variants of names.
History
When did the money of England appear?Their history originates from the Anglo-Saxons, where the currency was a penny, which was previously used in the Roman Empire. A pound was a unit of weight that held two hundred forty pennies. Then the penny replaced the sterling.
In medieval England began to mint coins frompure silver, in which there were no impurities. It has become the standard of any state mint. But in the middle of the sixteenth century, when Henry II became king of England, he decided to save some of the state treasury. The coins were minted from 925 silver, which contained about 7-8% of various impurities. Such money of England (the photo of the coin is presented below) was used until the first quarter of the nineteenth century. Coins from such silver practically did not wear out and were in circulation for a long time.
However, long before that there were gold pennies in circulation. In the middle of the fourteenth century they were replaced by silver ones. The fact is that by that time the silver pennies began to depreciate.
В это же время стала значительно расти цена на GBP. But the money of England with a smaller face value, on the contrary, lost their momentum. In the next century, the Scottish pound was equated to the British. But a century later, the Scottish pounds were withdrawn from circulation. In Britain, only the pound was officially used.
At the turn of the 17-18 centuries, a hugethe amount of gold, and there was an equally large deficit of silver. This was due to the fact that foreign merchants brought here only the “despicable metal”. It was the United Kingdom that first began to use coins from it in the public domain.
A little later, the pound began to spread throughoutthe world, as Britain turned into the British Empire and began to acquire colonies. Here English money began to appear. The pound remained the same, only the word before it changed. He was Australian, Cypriot, and so on. The territories that became colonies entered the sterling zone at the same time.
In 1944, between the United States and Britain was concludedagreement, which approved the exchange of national currencies. One pound was equal to four dollars. This agreement was called the Bretton Woods. But after 10 years, the money of England fell 3 times. The dollar has become a stronger currency.
Current state
Now pound sterling is recognized as nationalmonetary unit of the United Kingdom. One pound contains one hundred pence, which are issued in denominations of 50, 25, 20, 10, 5, 2, 1 pence. Pounds are also represented in coins. Notes are available in denominations of 50, 20, 10 and 5 pounds. One side of the bill must contain the image of Elizabeth II. On the other is usually depicted one of the prominent historical figures of England. In Northern Ireland and Scotland, the design of notes is different from those used in Foggy Albion.
The money of England is not completely economically stable, their course always depends on several factors.
Variability of titles
Most often when we speak Englishmoney, we use the word "pound". But for some people, this puts them in a stupor, because they think that pound sterling is the only correct unit name. In fact, everything is as follows: "pound sterling" is the name for official documents and papers. Even the British often use the word "pound". Also often the use of the term "sterling". And it has the right to exist.
Conclusion
Таким образом, деньги Англии, фото которых given in this article, are priced higher than the dollar. Nevertheless, they are not economically stable units, which in the course of their history has been repeatedly confirmed.
