Changes

Jump to navigation Jump to search
321 bytes removed ,  19:10, April 29, 2009
Line 220: Line 220:     
===Currency===
 
===Currency===
The currency of the United Kingdom is the [[Pound|Pound Sterling]], commonly called Pound and written £ or GBP, divided into 100 New Pence (now commonly just called pence or 'p'). Traditionally the UK had a complicated triple currency structure of 20 [[shilling|shillings]] to the Pound and 12 "old pence" (represented by a "d" from the Roman ''denarius'') to the shilling, making a total of 240 pence to the Pound. This system was abandoned in 1971 due to difficulties with computerised accounting systems, in favour of the current [[decimal]] system. This change was not without its critics.
+
The currency of the United Kingdom is the [[Pound|Pound Sterling]], commonly called Pound and written £ or GBP, divided into 100 New Pence (now commonly just called pence or 'p'). Traditionally the UK had a complicated triple currency structure of 20 [[shilling|shillings]] to the Pound and 12 "old pence" (represented by a "d" from the Roman ''denarius'') to the shilling, making a total of 240 pence to the Pound. This system was abandoned in 1971 due to difficulties with computerised accounting systems, in favour of the current [[decimal]] system.  
   −
The UK was one of the three [[European Union]] nations of the time (along with [[Sweden]] and [[Denmark]]) not to join the [[Euro]] at its inception, a position it maintains. Banks in Scotland and Northern Ireland are permitted to print their own banknotes, as long as they keep an equivalent amount of sterling in reserve.
+
The UK has never joined the [[Euro]] zone.
    
==History==
 
==History==
17,394

edits

Navigation menu