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At this time the U.K. is the only country to use that denomination.
Since 1971 one penny (abbreviated "p") has been 1/100 of a pound sterling. Before that time it was defined as 1/240 of a pound.
The singular "penny" has two somewhat unusual plurals - the expected "pennies" when referring to more than one 1p coin, but "pence" when referring to a single coin whose denomination is higher than 1p. So if you have 10 pennies, their total worth is 10 pence!
Wiki User
∙ 15y ago
Wiki User
∙ 14y agoBritain is possibly the only country still using the Penny as its basic unit of currency.
100 Pence = 1 Pound Sterling (GBP).
Wiki User
∙ 13y agoAdd your answer:
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What kind of money do Scottish people use?
£ pounds and p pence
What kind of money did the pilgrims use?
The Pilgrims used a variety of currencies for trade, including English coins such as shillings, pence, and pounds. They also conducted barter trade with Native Americans before creating their own form of currency known as the New England shilling.
What money does great britain use?
Pounds and pence
What kind of money did people use before euro in Ireland?
In Ireland, before the euro the currency wasdecimal. For example, 100 pence was equal to 1 punt. Prior to that the currency was, pounds, shillings, and pence. For every pound there was 240 pence. Hope this helps.
What kind of money did people use in the 1950s?
shillings, pounds , half pence and many more, just look on Woodlands Junior, they'll tell you I'm sure!
How do people in the country Luxembourg make money?
they use elfs to make craysons
What kind of money did they have in colonial times?
They use pound, shilling, pence, silver and gold. They also trade tobacco. Twelve pence per shilling, and twenty shillings per pound.
How much money do you get if you go to the Post Office and you find a 20 Pence and 10 Pence and 5 Pence with the Queen wearing a necklace?
35 Pence. All British coins issued from 1985 to 1997 use the Third Portrait of Queen Elizabeth II which show her wearing a necklace and ear rings.
Do people use money in France?
Everyone uses money everywhere because it is vital to the sustainability of society. France, being an economically stable and populated country and a part of everywhere, would undoubtedly have and use money. They use the Euro.
What kind of money did they use during the middle ages?
the first coin in circulation in medieval England was the penny. it was made of silver. 12 "pence" equaled a shilling and 20 shilling's equaled a pound (240 "pence"). although the term shilling was probably in use by the 1200's, only the "pence" was produced until many years later.
What type of money did England use in the 1500s?
Half crowns, florins, pounds, shillings, and pence. A pound consisted of 20 shillings, and a shilling consisted of 12 pence. A half crown was 2 shillings and 6 pence. A florin was 2 shillings. They had "notes". These notes were to England as dollars were to the US.
What do you use for money in Yap?
Visitors to the country of Yap use the United States Dollar (USD) for everyday use. The Yapese people are well-known to use stone money for traditional or ceremonial exchange, called Rai or Fei.
